About This Home
This 4-bedroom, 2-bathroom single family at 1528 GRAY Street in Detroit, MI is listed for $6,000 ($3 per sqft). Built in 1916, the home offers 1,740 sqft of living space on a 0.08 acres lot.
Key Features
- Built in 1916
- 0.08 acre lot
- 2 stories
Property Details
This property is sold in a bundle with 4 vacant lots 1508, 1514, 1522 Gray and 12905 Brooks. Not sold separately. Property needs 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.
Also include plans for the vacant lots with sketches and financing. 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 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. See attached documents for guidelines and submission instructions. BATVAI
Monthly Cost Estimate
$32/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1528 GRAY Street
Detroit, MI 48215
STERLING PARK (PLATS)
Property Details
Construction
Heating
Questions & Answers
This 4-bedroom, 2-bathroom single family at 1528 GRAY Street is listed at $6,000 ($3/sqft). The estimated monthly payment is $32 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1916, 0.08 acre lot, 2 stories.
This property is listed by Leonard A Pickett III and can be reached at (248) 440-2268.
