$4,500 for Sale

16561 monica, detroit, MI 48221

Beds 3 Baths 1 704 Sqft 1 of 18
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Property Description
Calling all investors. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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. See attached documents for DLBA requirements and offer submission information.
General Information
Sale Price: $4,500
Price/SqFt: $6
Status: Active
MLS#: rcomi60152814
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: addison heights (plats)
Acres: 0
Lot Dimensions: 35X111
Bathrooms:1   (1 full, 0 half)
House Size: 704 sq.ft.
Year Built: 1924
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1:  14x20
Bedroom 2 :  10x9
Bedroom 3:  9x7
Bedroom 4: 
Family Room: 
Dinning Room:  10x9
Kitchen:  12x10
Livingroom:  13x11
Pole Buildings: 
Paved Road:  Paved Street
Garage:  2
Garage Description:  Detached Garage
Exterior:  Brick
Basement:  Yes
Basement Description:  Unfinished
Foundation :  Basement
Heating:  Forced Air
Fuel:  Natural Gas
Waste:  Public Sanitary
Watersource:  Public Water
Tax, Fees & Legal
Est. Summer Taxes:  $557
Est. Winter Taxes:  $49
HOA fees: 

Information provided by East Central Association of REALTORS® Copyright 2023
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Leonard Pickett of RCH Brokerage Legacy Inc, Phone: 248-440-2268
(810) 241-8199 Call Michele Blair for more information about this property.

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Michele Blair
(810) 241-8199

(810) 241-8199

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This Home located at
16561 monica, detroit MI 48221
is currently for sale priced at $4,500 and was listed on October, 04, 2022 and has been on the market for 178 days and was last updated on November, 14, 2022.

16561 monica has 3 bedrooms, 1 bathrooms, and approximately 704 square feet. This home is in the detroit city school district school district and has a lot size of 35X111 and was built in 1924. 16561 monica is in the 48221 ZIP Code area of detroit.

If you have any question about this property or any others, please don't hesitate to contact me.