$20,000
For Sale

12115 STOEPEL STREET

Detroit, MI 48204
2600 sqft | 3 baths | 0.08 acres | #20250023096
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Attention Investors check out this latest offering from the Detroit Land Bank Authority! Welcome to an incredible investment opportunity in the Robert Oakmans Cortland & Ford Hwy
neighborhood! This two-story full brick colonial property boasts over 2600 square feet of potential, offering versatile living spaces across three units. This property presents a unique opportunity for restoration and renovation, allowing you to unleash its full potential. 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

  • Property Details
      • SubdivisionROBERT OAKMANS CORTLAND & FORD HIGHWAY (PLATS)
      • FoundationBasement, BrickMortar
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • MLS #20250023096
      • Property SubtypeMultiFamily
      • Parcel NumberW16I019740S
      • MLS #20250023096
      • Basement DescriptionUnfinished
      • School DistrictDetroit
      • Original List Price$20,000
      • Utility SourcePublic
      • CountyWayne
      • Cost20000
      • Acres0.08
      • Square Feet2600
      • Year Built1927
      • Taxes Annual$34
      • PetsYes
      • Bathrooms3
      • Full Baths3
      • Stories2
      • Basement1
      • Basement Finished1
      • Days on Market (Cumulative)7

Location

Joseph DarwishRe/Max Platinum
OR

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Down Payment

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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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