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About This Home
This 2-bedroom, 2-bathroom condo at 7250 Saint Paul Street in Detroit, MI is listed for $80,000 ($61 per sqft). Built in 1910, the home offers 1,302 sqft of living space on a N/A lot.
Brick Condo Opportunity in the Islandview Neighborhood – Detroit Land Bank Owned Fantastic opportunity to restore this Brick Condo in the Islandview neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2.
Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement.
The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.
Key Features
- Built in 1910
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$428/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
7250 Saint Paul Street
Detroit, MI 48214
Wayne County Condo Plan 905 St Paul Place
Property Details
Construction
Heating
Questions & Answers
This 2-bedroom, 2-bathroom condo at 7250 Saint Paul Street is listed at $80,000 ($61/sqft). The estimated monthly payment is $347 based on 20% down at 6.5% interest.
Key features include: Built in 1910, 2 stories.
This property is listed by Erick Monzo and can be reached at 5862103350 or erick@monzogroup.com.