$5,000
For Sale

3196 LOCKWOOD STREET

Detroit, MI 48210
2000 sqft | 2 beds | 2 baths | #20240034677
Browse 9 photos
Type:Purchase
Structure:House
Zone:Residential

Description

Great for experienced investors. 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 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. Please see attached documents for DLBA guidelines.

  • Interior Details
      • HeatingHot Water
    • Beds & Baths
      • Total Baths2.00
      • Bedrooms2
      • Bathrooms2
      • Full Baths2
  • Property Details
      • Square Feet2000
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1905
  • Community and Neighborhood Details
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Financial Details
      • Original List Price$5,000
  • Other
      • MLS #20240034677

Location

Theresa ColemanReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00