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About This Home
This 4-bedroom, 2-bathroom multi-family at 5120 McDougall Street in Detroit, MI is listed for $12,500 ($6 per sqft). Built in 1918, the home offers 2,204 sqft of living space on a 0.08 acres lot.
Great opportunity for experienced investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. The Tax Capture may be incompatible with tax abatement that are otherwise available to the selected purchaser.
DLBA will review requests to waive its tax capture rights & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
Key Features
- Built in 1918
- 0.08 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$67/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5120 McDougall Street
Detroit, MI 48211
Schmidts Traugott Sub Of Lts 71 & 72
Property Details
Construction
Heating
Questions & Answers
This 4-bedroom, 2-bathroom multi-family at 5120 McDougall Street is listed at $12,500 ($6/sqft). The estimated monthly payment is $54 based on 20% down at 6.5% interest.
Key features include: Built in 1918, 0.08 acre lot, 2 stories.
This property is listed by Leonard A Pickett III and can be reached at 2484402268 or lpickettiii@rchlegacy.com.
