40
See all 40 photos
$50,000
Est. payment /mo
3 Baths
2,550 SqFt
Active
8788 Dexter AVE Detroitcity_wayne, MI 48206
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $19
Subdivision Dexter Blvd
MLS Listing ID 20261022849
Style Colonial
Full Baths 3
Year Built 1918
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type MultiFamily
Property Description
The DLBA is seeking proposals for the renovation and reuse of this multi family home situated along one of Detroit's well-traveled corridors, 8788 Dexter Avenue offers a location rich in convenience, accessibility, and neighborhood character, this property is ideal for a buyer ready to take on a renovation project and bring it back into productive use.
Interested buyers should submit a complete proposal outlining the intended use, renovation scope, project budget, timeline, proof of funds, and relevant prior experience. All proposals will be reviewed competitively based on purchase price, project feasibility, financial capacity, development experience, and neighborhood benefit.
Please note that the DLBA is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may be incompatible with certain tax abatements that may otherwise be available to the selected purchaser. The DLBA will review waiver requests on a case-by-case basis and may require a payment in lieu of taxes. Any payment will be determined after review of the development pro forma and the impact of any tax abatement on the project financing.
Interested buyers should submit a complete proposal outlining the intended use, renovation scope, project budget, timeline, proof of funds, and relevant prior experience. All proposals will be reviewed competitively based on purchase price, project feasibility, financial capacity, development experience, and neighborhood benefit.
Please note that the DLBA is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may be incompatible with certain tax abatements that may otherwise be available to the selected purchaser. The DLBA will review waiver requests on a case-by-case basis and may require a payment in lieu of taxes. Any payment will be determined after review of the development pro forma and the impact of any tax abatement on the project financing.
Location
State MI
County Wayne
Area Area05051Det68Dequindretoconner
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, Block
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
Pets Allowed Yes
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes
NEARBY SCHOOL & BUSINESS
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