About This Home
This 3-bedroom, 1-bathroom single family at 14445 E 7 Mile Road in Detroit, MI is listed for $10,000 ($6 per sqft). Built in 1912, the home offers 1,779 sqft of living space on a 0.10 acres lot.
Key Features
- Built in 1912
- 0.10 acre lot
- 2 stories
Property Details
Endless opportunities with this residential/commercial 3 bedroom house located in a busy business district. This property could be a rental, salon, small retail or general business. Property to be zoned B4 and located across the street from a gas station, next door to the post office and just east from Gratiot, all high traffic areas.
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 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.
Monthly Cost Estimate
$53/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
14445 E 7 Mile Road
Detroit, MI 48205
Gratiot Park
Property Details
Heating
Questions & Answers
This 3-bedroom, 1-bathroom single family at 14445 E 7 Mile Road is listed at $10,000 ($6/sqft). The estimated monthly payment is $54 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1912, 0.10 acre lot, 2 stories.
This property is listed by Natasha C Richards and can be reached at (248) 274-6614.
