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About This Home

This 4-bedroom, 2-bathroom residential multi family at 13626 Troester Street in Detroit, MI is listed for $30,000 ($15 per sqft). Built in 1923, the home offers 2,040 sqft of living space on a 0.14 acres lot.

Agent Description

This brick duplex offers over 2,000 square feet of living space with two spacious 2-bedroom, 1-bath units. 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 1923
  • 0.14 acre lot
  • 2 stories

Property Details

2 stories
2 full
1923

Monthly Cost Estimate

$160/mo

20% down · 6.5% · 30 years

Principal$22
Interest$130
Insurance$9

Estimates only. Actual payments may vary.

Location

13626 Troester Street

Detroit, MI 48205

Seymour & Troesters Montclair Heights

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 13626 Troester Street is listed at $30,000 ($15/sqft). The estimated monthly payment is $130 based on 20% down at 6.5% interest.

Key features include: Built in 1923, 0.14 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# 20261006577· Source: listhub· Updated 119 days ago

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13626 Troester Street, Detroit, MI 48205

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