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About This Home
This 6-bedroom, 3-bathroom residential multi family at 284 E Philadelphia Street in Detroit, MI is listed for $70,000 ($22 per sqft). Built in 1907, the home offers 3,146 sqft of living space on a 0.14 acres lot.
Great opportunity to invest in the city of Detroit. This brick duplex is located in Detroit's North End neighborhood and zoned R3. 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.
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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements.
Key Features
- Built in 1907
- 0.14 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$374/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
284 E Philadelphia Street
Detroit, MI 48202
Hubbards Bela
Property Details
Construction
Heating
Questions & Answers
This 6-bedroom, 3-bathroom residential multi family at 284 E Philadelphia Street is listed at $70,000 ($22/sqft). The estimated monthly payment is $303 based on 20% down at 6.5% interest.
Key features include: Built in 1907, 0.14 acre lot, 2 stories.
This property is listed by Leonard A Pickett III and can be reached at (248) 440-2268 or lpickettiii@rchlegacy.com.
