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About This Home
This 10-bedroom, 6-bathroom residential multi family at 5700 TOWNSEND Street in Detroit, MI is listed for $28,500 ($7 per sqft). Built in 1912, the home offers 4,112 sqft of living space on a 0.08 acres lot.
6-unit apartment building w/lots of potential. 4 units have 2 bedrooms, 2 units have 1 bedroom. Property needs work, but there is plenty of room to grow in this up and coming neighborhood. 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.
Key Features
- Built in 1912
- 0.08 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$152/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5700 TOWNSEND Street
Detroit, MI 48213
WM TAITS (PLATS)
Property Details
Heating
Questions & Answers
This 10-bedroom, 6-bathroom residential multi family at 5700 TOWNSEND Street is listed at $28,500 ($7/sqft). The estimated monthly payment is $124 based on 20% down at 6.5% interest.
Key features include: Built in 1912, 0.08 acre lot, 2 stories.
This property is listed by Natasha C Richards and can be reached at (248) 274-6614 or natasharichards@comcast.net.
