12451 Racine ST, Detroit, MI 48205
12451 Racine ST, Detroit, MI 48205
12451 Racine ST, Detroit, MI 48205
12451 Racine ST, Detroit, MI 48205
12451 Racine ST, Detroit, MI 48205
12451 Racine ST, Detroit, MI 48205
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$ 10,000
Est. payment | /mo

3 Beds

2 Baths

1,750 SqFt


Save
$ 10,000
Est. payment | /mo
Save

3 Beds

2 Baths

1,750 SqFt

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 1,750 sqft

Price per Sqft $5

Subdivision Gratiot Highlands Sub

MLS Listing ID 20261084022

Style Bungalow

Bedrooms 3

Full Baths 1

Half Baths 1

Year Built 1925

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type SingleFamilyResidence

Property Description

Calling all investors. This property is zoned R1 and is located in Detroit's LaSalle College Park neighborhood. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 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. BATVAI. See attached documents for DLBA requirements and offer submission information.

Location

State MI

County Wayne

Area Area05054Det8Togratiothoustonto7

Rooms

Basement Unfinished

Entry Level, 18 X 12 Bedroom

Entry Level BathFull

Entry Level, 10 X 10 Bedroom

Entry Level, 14 X 12 LivingRoom

Entry Level, 8 X 9 Kitchen

Entry Level, 10 X 10 Bedroom

Entry Level BathLav

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features NoGarage

Pool None

View Y/N No

Garage false

Building

Foundation Basement, Poured

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition GovernmentOwned, ShortSaleNo

Realcomp MLS
Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc

Schools and Properties Nearby

Gene Mucha

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12451 Racine ST