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About This Home

This 2-bedroom, 2-bathroom single family at 12609 Kelly Road in Detroit, MI is listed for $25,000 ($26 per sqft). Built in 1943, the home offers 960 sqft of living space on a 0.08 acres lot.

Agent Description

Brick duplex!! This side features a spacious 2-bedroom, 1.5-bath unit. Unit also has its own private basement. Subject address is included as part of a 2 property bundle sale totaling $25,000. Addresses included are: 12605 & 12609 Kelly. Homes will NOT be sold separately, No Exceptions!

The property is vacant and ready for renovation. Located in Mapleridge with easy access to Gratiot, Kelly, & I-94. Zoned for residential use, this property offers strong potential for redevelopment or a new residential project. The parcels are government-owned and included in the Detroit Land Bank Authority (DLBA) program.

The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2.

Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement.

The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.

Key Features

  • Built in 1943
  • 0.08 acre lot
  • 2 stories

Property Details

2 stories
1 full, 1 half
1943

Monthly Cost Estimate

$134/mo

20% down · 6.5% · 30 years

Principal$18
Interest$108
Insurance$7

Estimates only. Actual payments may vary.

Location

12609 Kelly Road

Detroit, MI 48224

John Kelly Estate

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 2-bedroom, 2-bathroom single family at 12609 Kelly Road is listed at $25,000 ($26/sqft). The estimated monthly payment is $108 based on 20% down at 6.5% interest.

Key features include: Built in 1943, 0.08 acre lot, 2 stories.

This property is listed by Erick Monzo and can be reached at (586) 541-4000 or erick@monzogroup.com.

EM

Erick Monzo

Agent at Keller Williams Realty-Great Lakes

(586) 541-4000

Listed by Keller Williams Realty-Great Lakes · View on Broker Site

MLS# 20261006730· Source: listhub· Updated 119 days ago

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12609 Kelly Road, Detroit, MI 48224

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