$5,900
Active

8817 Epworth

Detroit, MI 48204
0.08 acres | #R2200101394
Browse 24 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

Welcome to the next offering from the Detroit Land Bank Authority. Commercial Brick structure. Looks like it used to be a warehouse or storefront of some sort. Property also includes 8809 Epworth which is attached to the property combined into one structure along with the surrounding land. Property needs total renovation. Proceed with caution. 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
      • Acres0.08
  • Construction Details
      • Year Built1953
    • Material information
      • FoundationSlab
  • Community and Neighborhood Details
      • SubdivisionDAILEY PARK SUB (PLATS)
    • Location
      • CountyWayne
  • Financial Details
      • Original List Price$5,900
      • Buying Agency Compensation$1000
      • Days on Market (Cumulative)840
  • Other
      • MLS #R2200101394
  • -
      • 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
$0.00
Loan Amount
$0.00