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About This Home
This 4-bedroom, 3-bathroom residential multi family at 16309 Log Cabin Street in Highland Park, MI is listed for $22,000 ($13 per sqft). Built in 1925, the home offers 1,742 sqft of living space on a 0.07 acres lot.
You don't want to miss this opportunity. This 2 bedroom up/down duplex is conveniently located near shopping, dining, and public transportation, offers strong rental appeal. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals.
Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.
Key Features
- Built in 1925
- 0.07 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$118/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
16309 Log Cabin Street
Highland Park, MI 48203
Log Cabin Heights Sub
Property Details
Construction
Heating
Questions & Answers
This 4-bedroom, 3-bathroom residential multi family at 16309 Log Cabin Street is listed at $22,000 ($13/sqft). The estimated monthly payment is $95 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.07 acre lot, 2 stories.
This property is listed by Natasha C Richards and can be reached at (248) 274-6614 or natasharichards@comcast.net.