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5557 MORAN ST DETROIT, MI 48211
- Vacant Land / Resale (MLS)
Property Details for 5557 MORAN ST, DETROIT, MI 48211
Features
- Lot Size: 3485
- Total Units: 2
- Stories: 200
- Heating: Forced Air Heating
- Exterior Walls: Shingle (Not Wood)
Facts
- Year Built: 01/01/1909
- Property ID: 870182489
- MLS Number: 24000620
- Parcel Number: 13010284.
- Property Type: Vacant Land
- County: WAYNE
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Sale includes 5 adjacent lots 5543, 5551, 5561, 5571, 5537 Moran. Sale contingent on buyer/seller executed development agreement. 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. Contact listing broker with any questions.
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Property Brokerage:
BellaBay Realty Tri-Counties
37361 8 Mile Road
Livonia
MI
Copyright © 2024 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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