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About This Home
This 8-bedroom, 4-bathroom residential multi family at 9928 Belleterre Street in Detroit, MI is listed for $19,500 ($5 per sqft). Built in 1925, the home offers 3,720 sqft of living space on a 0.11 acres lot.
Welcome to the latest offering from the Detroit Land Bank Authority. Come take a look at this Brick 4 unit Quadruplex in the Nardin Park community. Property needs a full rehab but will add a very nice piece to an up and coming 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.
Key Features
- Built in 1925
- 0.11 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$104/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
9928 Belleterre Street
Detroit, MI 48204
Nardin Park Sub
Property Details
Construction
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 9928 Belleterre Street is listed at $19,500 ($5/sqft). The estimated monthly payment is $85 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.11 acre lot, 2 stories.
This property is listed by Gene Kelley II and can be reached at (248) 304-6700 or kelleygroup17@gmail.com.
