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About This Home
This 8-bedroom, 4-bathroom residential multi family at 10280 Nardin Drive in Detroit, MI is listed for $20,000 ($6 per sqft). Built in 1924, the home offers 3,618 sqft of living space on a 0.11 acres lot.
Great opportunity to invest in the city of Detroit. This brick Quadplex is located in Detroit's Nardin Park neighborhood and zoned R3.Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan.
Please note that the DLBA 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. BATVAI. See attached documents for DLBA requirements and offer submission information.
Key Features
- Built in 1924
- 0.11 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$107/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
10280 Nardin Drive
Detroit, MI 48204
Nardin Park Sub Of Pt Of Sec 24
Property Details
Construction
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 10280 Nardin Drive is listed at $20,000 ($6/sqft). The estimated monthly payment is $87 based on 20% down at 6.5% interest.
Key features include: Built in 1924, 0.11 acre lot, 2 stories.
This property is listed by Leonard A Pickett III and can be reached at (248) 440-2268 or lpickettiii@rchlegacy.com.
