8773 Petoskey Ave - Apartments FOR SALE


Detroit, MI 48204- Rosa Parks
$10,000 USD
248-440-2268
8773 Petoskey Ave, Detroit, MI for Sale
$10,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

8773 Petoskey Ave
Detroit, MI 48204
Rosa Parks


OVERVIEW

Great opportunity for experienced investors. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-App letter, or new construction loan of the property. Projects will require approval of the Design Review from the city of Detroit. 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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.

FOR SALE DETAILS

PRICE

$10,000 USD

PRICE/SF

$3 USD /SF

# OF UNITS

4

PRICE/UNIT

$2,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,086 SF

ZONING

R3

APN/PARCEL ID

14-007114,14-007115

ASK ABOUT THIS PROPERTY

Leonard PickettRCH BrokerageMore Info
248-440-2268

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Leonard PickettRCH BrokerageMore Info
248-440-2268

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.