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About This Home
This 3-bedroom, 2-bathroom single family at 7465 14th Street in Detroit, MI is listed for $40,000 ($23 per sqft). Built in 1916, the home offers 1,726 sqft of living space on a 0.09 acres lot.
Welcome to the latest offering from the Detroit land bank authority. Three bedroom wood frame colonial located near the historic Lasalle Gardens community. Home needs a total rehab, but could prove to be a great asset for a savvy investor. 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 1916
- 0.09 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$214/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7465 14th Street
Detroit, MI 48206
Lasalle Gardens
Property Details
Construction
Heating
Questions & Answers
This 3-bedroom, 2-bathroom single family at 7465 14th Street is listed at $40,000 ($23/sqft). The estimated monthly payment is $173 based on 20% down at 6.5% interest.
Key features include: Built in 1916, 0.09 acre lot, 2 stories.
This property is listed by Gene Kelley II and can be reached at (248) 304-6700 or kelleygroup17@gmail.com.
