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About This Home

This 8-bedroom, 4-bathroom residential multi family at 9359 Broadstreet Avenue in Detroit, MI is listed for $16,000 ($3 per sqft). Built in 1924, the home offers 5,198 sqft of living space on a 0.13 acres lot.

Agent Description

Great Investment Opportunity, 4 Family Unit with over 5,000 square feet is located just minutes from Henry Ford Hospital, Motown Museum, and a short drive or bike ride to downtown. Bring your hard hat and your vision to bring this property back to life!

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 1924
  • 0.13 acre lot
  • 2 stories

Property Details

2 stories
4 full
1924

Monthly Cost Estimate

$86/mo

20% down · 6.5% · 30 years

Principal$12
Interest$69
Insurance$5

Estimates only. Actual payments may vary.

Location

9359 Broadstreet Avenue

Detroit, MI 48204

Brown & Babcocks

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 9359 Broadstreet Avenue is listed at $16,000 ($3/sqft). The estimated monthly payment is $69 based on 20% down at 6.5% interest.

Key features include: Built in 1924, 0.13 acre lot, 2 stories.

This property is listed by Natasha C Richards and can be reached at (248) 274-6614 or natasharichards@comcast.net.

NR

Natasha C Richards

Agent at Bellabay Realty Tri Counties

(248) 274-6614

Listed by Bellabay Realty Tri Counties · View on Broker Site

MLS# 20251036427· Source: listhub· Updated 250 days ago

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9359 Broadstreet Avenue, Detroit, MI 48204

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