MI
Wayne
Detroit City
48204
10157 Morley Street
10157 Morley Street, Detroit City, MI 48204
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Listing Type
Multi Family
Listing Status
Active
10
$31,000

Home Details for 10157 Morley Street

Price
$31,000
Type
Residential Income
Bedrooms
4
Bathrooms
2.0
Square feet
1824
Year built
1928
Lot size acres
0.07
County
Wayne
Garage
Basement
Full, Unfinished
Days on site
0
MLS Listing#
20261012133
Property Description

Great investment opportunity you don't want to miss. This 2 bedroom income property on each floor AND includes the two lots as well 10169 & 10163 Morley. Bring your vision and proposal and don't miss this opportunity! House needs a complete rehab. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Basement
    • Full
    • Unfinished
  • Cooling Information
    • None
  • Water Features
    • Public
Listing Courtesy: Bellabay Realty Tri Counties - 248-274-6614
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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