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5671 OTIS Street

$ 15,000
5671 OTIS ST ,
38
Active

Description

Great for opportunity for experienced investors. Looking for a buyer to rehab this property which includes the lot (3400 Greusel). The seller is the Detroit Land Bank Authority. 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 abatement 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 abatement on the purchase and development financing. Please see attached documents for DLBA requirements. BATVAI

Address: 5671 OTIS ST
City:
State/County:
Zip: 48210
Open In Google Maps
Property Id : 27511
Price: $ 15,000
Bedrooms: 4
Bathrooms: 4
Building size: 0.09 acres
Available Space: 3300 sq.ft.
Active Openhouse Count: 0
Architecture Level: 2 Story
Architecture Style: Quadruplex
Assessment: 0
Basement Type: Unfinished
Baths Full: 4
Baths Half: 0
CDOM: 154
CoList Agent MUI: 22937
CoList Agent Direct Work Phone: (248) 440-2268
CoList Agent Email: cwilson@rchlegacy.com
CoList Agent FullName: Clarence R Wilson
CoList Agent MLSID: 327151
CoList Office MUI: 17104
CoList Office MLSID: 350553
CoList Office Name: RCH Brokerage Legacy Inc
CoList Office Phone: (248) 440-2268
Construction Materials: Brick
County Or Parish: Wayne
Directions: TAKE MICHIGAN TO JUNCTION AVE MAKE A RIGHT THEN RIGHT ON OTIS
Directions From EastWest: W
Directions From EastWest Detail: LIVERNOIS
Directions From NorthSouth: S
Directions From NorthSouth Detail: MICHIGAN
DOM: 154
Foundation Details: Basement
Foundation Materials: Brick
Frontage Feet: 30
Gross Scheduled Income: 0.00
Heating: Forced Air
Heating Fuel: Natural Gas
Income Projection: Actual
Last Change Type: New
List Office Name: RCH Brokerage Legacy Inc
List Price By Acre: 166666.6667
Lock Box Type: Appointment/LockBox
Living Area Source: Public Records
Lot Size Dimensions: 30.00X125.00
MLS: Realcomp II Ltd
MLS Area Major: Det South Of Grand River
MLS Area Major Number: 05101
MLS Number: 219123546
Monthly Rental Income: 0
Number Of Units Leased: 0
Annual Net Income: 0.00
Number Of Units Total: 4
Original List Price: 15000.00
Ownership Status: Government Owned,Short Sale - No
Parcel Number: W16I001465S
Postal City: Detroit
Postal Code Plus 4: 0923
Property Type: Multifamily
Protection Period: 90 DAYS
Pets Allowed: Yes
Road Frontage Type: Paved
Room Count: 0
School District: Detroit
Settlement: City
Sewer: Sewer at Street,Sewer-Sanitary
Short Sale: No
State Equalized Value: 300.0000
Street Name: OTIS
Street Number: 5671
Street Suffix: Street
Subdivision Name: GREUSELS
Sqft Combined: 3300
Sqft Total Bsmt: 1500
Table: Multi Family
Tax Amount Summer: 0.0000
Tax Amount Winter: 0.0000
Tax Legal Description: S OTIS 158 GREUSELS SUB L19 P7 PLATS, WCR 16/73 30 X 125
Title: Government - Owned
Total Tax: 0.0000
Unit Count: 1
Unit Efficiency Number Of: 0
Unit Four Bed Number Of: 0
Unit Loft Number Of: 0
Unit One Bed Number Of: 0
Unit Three Bed Number Of: 0
Unit Two Bed Number Of: 4
Water Heater Fuel: Natural Gas
Water Source: Municipal Water
Year Built: 1900
Zoning: Multi-Family
Customer Comment: Yes
Encroachment: No
Existing Lease: No
Land Contract: No
Publish Sale Price: Yes
Waterfront: No
Basement: Yes
Down Payment Resource: No
Percent Homestead Exempt: No
Pool: No
IDX provided courtesy of Realcomp II Ltd., via RCH Brokerage Legacy Inc and Realcomp, © 2021 Realcomp II Ltd. Shareholders.

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