$7,100
Active

18572 Binder Street

Detroit, MI 48234
0.28 acres | #R2210011118
Browse 34 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Single story Brick building offered by the Detroit Land bank Authority. Good location. In a very well to do neighborhood. Needs extensive rehabilitation. Please take caution when showing. 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 abatements and lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines

  • Property Details
      • SubdivisionDODGE LAND (PLATS)
      • MLS #R2210011118
      • MLS #R2210011118
      • Property SubtypeCommercial
      • Original List Price$7,100
      • CountyWayne
      • Buying Agency Compensation$1000
      • Acres0.28
      • Year Built9999
      • Cost7100
      • Days on Market (Cumulative)778
      • Days On Market778
      • Garage Spaces0

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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