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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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2917 McClellan St , Detroit, MI 48214
$40,000
Est. Payment: $88.89/mo
0 Bed
2 Bath
0 Sqft
Status: Active | Days on site: 6
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350553 - 306589
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Great opportunity to invest in the city of Detroit. This brick duplex home is located in Detroit's East Village neighborhood. Zoned B4. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI. This property comes with a clear title. See attached documents for DLBA requirements and offer submission information.
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Highlights

Listed by Leonard A Pickett , 313-510-7887 RCH Brokerage Legacy Inc , 248-440-2268.

Property Type

Multi-Family
Lot/Acreage
0.1

HOA Fee

Year Built

1914

County

Wayne

 School District

Detroit

Listing ID

20261072803

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:
Water:Public

Exterior Features
Principal Interest
$89
Taxes
$123
HOA
$0

Home Price

$40,000

Loan Details

30 yrs
%

Down Payment

20%
$8,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$88.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $88.89 $122.67 $0.00 $211.56
Yearly $1,066.67 $1,472.00 $0.00 $2,538.67
Total $32,000.00 $44,160.00 $0.00 $76,160.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.