$5,900
For Sale

19551 Hoyt

Detroit, MI 48205
0.10 acres | #R2200084849
Browse 26 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Welcome to the latest offering from the Detroit Land bank authority. This one story brick building offers a host of possibilities. Needs major rehab, SHOW WITH CAUTION! FLOORS ARE VERY WEAK! In addition to this property, there are 3 vacant lots that are included with this sale. 19545 Hoyt, 19544 Hoyt and 14012 Liberal. These addresses are being sold as a bundle. 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 guidelines.

  • Property Details
      • SubdivisionCRESCENT PARK (PLATS)
      • MLS #R2200084849
      • MLS #R2200084849
      • Property SubtypeCommercial
      • Property TypePurchase
      • Original List Price$5,900
      • CountyWayne
      • Buying Agency Compensation$1000
      • Year Built1975
      • Cost5900
      • Acres0.1
      • Days on Market (Cumulative)903
      • Days On Market903
      • Garage Spaces0

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Last Updated: . Source: AAABOR

Workhorse Realty LLCReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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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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    © MichRIC. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

    ​All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.