$5,900
19551 HOYT Detroit, MI 48205
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$5,900
Est. payment /mo
1,674 SqFt
Active
19551 HOYT Detroit, MI 48205
UPDATED:
03/18/2024 09:16 PM
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 1,674 sqft
Price per Sqft $3
Subdivision Mi
MLS Listing ID 40114044
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 38.00X115.00
Property Description
Welcome to the latest offering from the Detroit Land bank authority. This one story brick building offers a host of possibilities. Needs major rehab, SHOW WITH CAUTION! FLOORS ARE VERY WEAK! In addition to this property, there are 3 vacant lots that are included with this sale. 19545 Hoyt, 19544 Hoyt and 14012 Liberal. These addresses are being sold as a bundle. 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. Please refer to DLBA guidelines.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Commercial
Exterior
Waterfront No
Building
Foundation Basement
Water Public Water
Structure Type Brick
Others
Ownership Government Owned
Energy Description Natural Gas
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Real Estate One-Southfield
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