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About This Home
This 8-bedroom, 4-bathroom residential multi family at 2704 Hogarth Street in Detroit, MI is listed for $25,000 ($6 per sqft). Built in 1921, the home offers 3,862 sqft of living space on a 0.10 acres lot.
Welcome to the latest offering from the Detroit Land Bank Authority. This 4 unit brick Quadruplex features 4 two bedroom units with over 3000 sq ft of living space. Located just a stone's throw from the New Center area, this home has a ton of potential.
This home needs an extensive amount of rehab, but will prove to be a fine addition to any investment portfolio. 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/or 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 Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review
Key Features
- Built in 1921
- 0.10 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$134/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2704 Hogarth Street
Detroit, MI 48206
Crosman & Mc Kays Sub
Property Details
Construction
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 2704 Hogarth Street is listed at $25,000 ($6/sqft). The estimated monthly payment is $108 based on 20% down at 6.5% interest.
Key features include: Built in 1921, 0.10 acre lot, 2 stories.
This property is listed by Gene Kelley II and can be reached at (248) 304-6700 or kelleygroup17@gmail.com.
