12651 Indiana Street, Detroit, MI 48238 3035

$13,500
3
BD
1
BA
1,399
SqFt

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List Price
$13,500
Status
PENDING
MLS#
60939519
Days on Market
359
Style
Bungalow
Year Built
1926
Bedrooms
3
Bathrooms
1
Acres
0.09
Living Area
1,399
Municipality
Detroit
Region
Detroit
Township
Detroit
Subdivision
Greenfield Park 3

Property Description

CALLING ALL INVESTORS. Get your hard hat and bring your vision to make this house a home. House needs a complete rehab. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.

Additional Information

Lot Dimensions
40 x 100
Heating
Natural Gas, Forced Air
Basement
Yes
Basement Description
Unfinished
Foundation
Basement
Water
Public
School District
Detroit City School District

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Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing Courtesy of Bellabay Realty Tri Counties, Office Phone: 248-274-6614

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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.