28
See all 28 photos
$18,000
Est. payment /mo
3 Beds
1 Bath
1,172 SqFt
New
1544 W Philadelphia Street Detroit, MI 48206
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,172 sqft
Price per Sqft $15
MLS Listing ID 20261058296
Bedrooms 3
Full Baths 1
Year Built 1915
Annual Tax Amount $1,143
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30X98.03
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
Detroit Land Bank Authority opportunity in the sought-after Virginia Park neighborhood! This historic home is ready for a complete renovation and offers endless potential for investors, developers, or owner-occupants looking to restore a classic Detroit property. Ideally located just minutes from New Center, Midtown, the Motown Museum, Henry Ford Hospital, Wayne State University, and Downtown Detroit. The surrounding area continues to experience significant residential redevelopment, new investment, and neighborhood revitalization while maintaining its historic character. Convenient access to major freeways, public transit, parks, dining, shopping, and cultural attractions makes this an exceptional opportunity to invest in one of Detroit's growing communities. Purchaser to comply with all Detroit Land Bank Authority requirements. Sold as-is.Located in an area experiencing continued residential investment and revitalization Purchaser to verify allmeasurements, zoning, and development requirements. DLBA Disclosure: DLBA is entitled to a tax capture for the 5 tax years subsequent totransferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to theselected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve suchrequests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase anddevelopment financing.
Location
State MI
County Wayne
Direction E of Rosa Parks / N of Grand Blvd
Interior
Heating Hot Water
Exterior
View Y/N No
Garage No
Building
Story 2
Sewer Public
Water Public
Structure Type Aluminum Siding
Schools
School District Detroit
Others
Tax ID W06I001960S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"REO/Bank Owned":true}
Listed by Keller Williams Realty-Great Lakes