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11081 Rosemary St, Detroit, MI 48213

$10,000
: 4
BD
: 1
BA
: 757
SqFt

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List Price: $10,000
MLS#: 20261084020
Status: ACTIVE
Bedrooms: 4
Bathrooms: 1
Total Square Footage: 757
Subdivision: PARKVIEW HEIGHTS

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Property Description

Calling all investors. This property is located in Detroit's Gratiot-Findley neighborhood. Zoned R2. This 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.

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Additional Information

Year Built: 1924
Basement Type: Unfinished
Foundation: Basement, Poured Concrete
Acres: 0.09
Lot Dimensions: 35X108
Style: Bungalow
Acres: 0.09
School District: Detroit
Heating: Forced Air, Natural Gas
Garage Spaces: 2
Garage Description: 2 Car, Detached