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  • Overview

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Off market

Buy a multi-family propertyat 8825 3RD, Detroit, MI 48202

$7,000

$0/mo

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Multifamily

1,322 Sq. Ft.

1,306 Sq. Ft. lot

379 Days on market

60196925 MLS ID

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About 8825 3RD multi-family property

Midtown investment opportunity waiting on you! 3 Properties for the Price of 1. Addresses include 8821 & 8829 3rd. Property needs a full rehab top to bottom, but don't let that scare you away as the right investor will certainly turn a profit! Close to major freeways, downtown, universities & hospitals. Sale contingent on buyer/seller executed development agreement. Estimated cost of renovation is $277,000. 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.
Midtown investment opportunity waiting on you! 3 Properties for the Price of 1. Addresses include 8821 & 8829 3rd. Property needs a full rehab top to bottom, but don't let that scare you away as the right investor will certainly turn a profit! Close to major freeways, downtown, universities & hospitals. Sale contingent on buyer/seller executed development agreement. Estimated cost of renovation is $277,000. 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.

Property details

House

Style: 2 Story

Listing

Originating MLS: RealComp

Sale/rent: For Sale

Location

Area: Detroit (82001)

County: Wayne

Cross street: S of Clairmount, E of Lod

Subdivision: FISHERS SUB ON OL 5 & 6

Lot

Lot size: 60.00 x 21.00

Schools

School district: Detroit City School District

Monthly cost

Estimated monthly cost

$49/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Sale and tax history

Sales history

Date

Jan 13, 2017

Price

-

Date

Sep 8, 2016

Price

-

Date

Sep 16, 2011

Price

-

DatePrice
Jan 13, 2017-
Sep 8, 2016-
Sep 16, 2011-

Schools

This home is within the Detroit City School District.

Detroit & Hamtramck enrollment policy is not based solely on geography. Please check the school district website to see all schools serving this home.

Private schools

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$6,580

+$210

$6,790

Seller agent commission$210 (3%)*

$0 (0%)

Buyer agent commission$210 (3%)*

$210 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $210 more selling your home
with a Unreal Estate agent

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State

  • Land for sale in Michigan
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  • Real Estate in Michigan

Unreal Estate checked: Aug 8, 2023 at 4:40 p.m.

Data updated: Mar 16, 2023 at 1:57 p.m.

Courtesy of Bellabay Realty Tri Counties.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Listing Information © 2024 MiRealSource Inc. All Rights Reserved.

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