5557 Moran Street, Detroit, MI

$6,500

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0.08

Acres

About 5557 Moran Street

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.

Features of 5557 Moran Street

MLS® # 24000620
Price $6,500
Bathrooms 0.00
Acres 0.08
Year Built 1909
Type Multi-Family
Sub-Type 2 to 4 Units
Status Active

Community Information

Address 5557 Moran Street
Area Wayne County - 100
Subdivision CHARLES F LOHRMANS SUB (PLATS)
City Detroit
County Wayne
State MI
Zip Code 48211

Amenities

Amenities Pets Allowed
Is Waterfront No
Has Pool No
New Construction No

Interior

Heating Forced Air
Fireplace No
# of Fireplaces 1

School Information

District Detroit

Listing Details

AgentNatasha Richards
OfficeBellaBay Realty Tri-Counties

Listing Map

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