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About This Home
This 2-bedroom, 1-bathroom single family at 10570 Somerset Avenue in Detroit, MI is listed for $14,900 ($14 per sqft). Built in 1940, the home offers 1,099 sqft of living space on a 0.11 acres lot.
Great opportunity for investors. This property is located in Detroit's Yorkshire woods. Zoned R1. This property needs a full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan.
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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
Key Features
- Built in 1940
- 0.11 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$80/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
10570 Somerset Avenue
Detroit, MI 48224
Jacob Youngs Houston Ave Sub
Property Details
Construction
Heating
Questions & Answers
This 2-bedroom, 1-bathroom single family at 10570 Somerset Avenue is listed at $14,900 ($14/sqft). The estimated monthly payment is $65 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 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.
