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About This Home
This 2-bedroom, 1-bathroom single family at 16164 MONICA Street in Detroit, MI is listed for $4,500 ($6 per sqft). Built in 1926, the home offers 801 sqft of living space on a 0.09 acres lot.
Welcome to the latest offering from the Detroit Land Bank Authority. 2 bedroom frame home just ready for your renovation touches. Property needs a full rehab and all buyers are required to follow DLBA offer guidelines in order to purchase. 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 and lot combinations 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. Please refer to DLBA proposal guidelines
Key Features
- Built in 1926
- 0.09 acre lot
Property Details
Monthly Cost Estimate
$24/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
16164 MONICA Street
Detroit, MI 48221
ADDISON HEIGHTS (PLATS)
Property Details
Construction
Heating
Questions & Answers
This 2-bedroom, 1-bathroom single family at 16164 MONICA Street is listed at $4,500 ($6/sqft). The estimated monthly payment is $20 based on 20% down at 6.5% interest.
Key features include: Built in 1926, 0.09 acre lot.
This property is listed by Trina Ellis and can be reached at (248) 304-6700 or trinaellis@realestateone.com.
