$18,900
For Sale

4824 CORTLAND STREET

Detroit, MI 48204
2406 sqft | 2 baths | 0.09 acres | #20250022293
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Calling all investors on this great multi-family unit in the popular Russell Woods subdivision. Each unit has 3 bedrooms and over 2,400 square feet. 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.

  • Property Details
      • SubdivisionRUSSELL WOODS (PLATS)
      • FoundationBasement, Block
      • Parking FeaturesOneCarGarage
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • MLS #20250022293
      • Property SubtypeMultiFamily
      • Parcel NumberW14I004583S
      • MLS #20250022293
      • Basement DescriptionUnfinished
      • School DistrictDetroit
      • Original List Price$18,900
      • Parking TypeGarage
      • Utility SourcePublic
      • CountyWayne
      • Cost18900
      • Acres0.09
      • Square Feet2406
      • Year Built1926
      • PetsYes
      • Days on Market (Cumulative)14
      • Bathrooms2
      • Full Baths2
      • Stories2
      • Parking Spaces1
      • Basement1
      • Basement Finished1

Location

Theresa ColemanReal Estate Group
OR

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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