3465 Wager Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251036430
Year Built 1923
Annual Tax Amount $641
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 35x100
Source Realcomp
Property Description
Great investment opportunity in the heart of a thriving area. This 4 unit multi-family with over 3300 square feet is one you don't want to miss. This property needs a full rehab but is guaranteed to be an income producing benefit for those looking to buy and hold and a great fix & flip for investors. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 abatements 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 abatements on the purchase and development financing.
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Multi-Family,Residential
Direction N. of Joy, E. of Dexter
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I002764S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}