$30,000
For Sale

1528 GRAY STREET

Detroit, MI 48215
1740 sqft | 4 beds | 2 baths | 0.08 acres | #20250025256
Type:Purchase
Structure:House
Zone:Residential

Description

This property is sold in a bundle with 4 vacant lots 1508, 1514, 1522 Gray and 12905 Brooks. Not sold separately. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. Also include plans for the vacant lots with sketches and financing. Please note that the Detroit Land Bank Authority 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. See attached documents for guidelines and submission instructions. BATVAI

  • Property Details
      • Parking FeaturesOneCarGarage, Detached
      • SubdivisionSTERLING PARK (PLATS)
      • Property SubtypeSingleFamilyResidence
      • FoundationBasement, Poured
      • Sewer InformationPublicSewer
      • MLS #20250025256
      • Parcel NumberW21I048456S
      • MLS #20250025256
      • Basement DescriptionUnfinished
      • Property TypePurchase
      • School DistrictDetroit
      • Original List Price$30,000
      • Parking TypeGarage
      • Utility SourcePublic
      • CountyWayne
      • Cost30000
      • Acres0.08
      • Square Feet1740
      • Year Built1916
      • Bedrooms4
      • Bathrooms2
      • Full Baths2
      • Stories2
      • Parking Spaces1
      • Basement1
      • Basement Finished1
      • Days on Market (Cumulative)1

Location

Jessica WebleyReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

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2.6%
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