14995 Maddelein St, Detroit, MI 48205

$10,500
2
BD
1
BA
580
SqFt

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List Price
$10,500
MLS#
20261002309
Status
ACTIVE
Bedrooms
2
Bathrooms
1
Total Square Footage
580
Subdivision
GRATIOT AMERICAN PARK

Property Description

Welcome to the latest offering from the Detroit Land Bank authority. This 2 bedroom frame home sits on a fairly large lot located in the Regent Park community. This home needs a bit of TLC, but with the right touches it can be a good starter home or investment property. 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

Additional Information

Year Built
1920
Foundation
Crawl Space
Acres
0.09
Style
Ranch
Acres
0.09
School District
Detroit
Heating
Forced Air, Natural Gas
Garage Description
None

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Courtesy of Real Estate One-Southfield 2487230055