2303 FORD Street, Detroit, Wayne County, MI 48238

For Sale

Listed by LEONARD PICKETT with RCH Brokerage Legacy Inc
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Property Summary for 2303 FORD Street

Property Type
Multi-family
Lot Size
0.1 Ac
MLS Number
219054767
Year Built
1930
Date Added
18 June 2019
stories
2
Parking info
Street_Parking
Neighborhood
Durfee
Zip
48238
School District
Detroit City School District

Description for 2303 FORD Street

Great for experienced investors. This building contains 4 apartments each unit with 1 bedroom 1 bath. The seller is the Detroit Land Bank Authority. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the Construction Costs. 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 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. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. Please see attached documents for requirements. BATVAI
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Features for 2303 FORD Street

Exterior Finish
  • Brick
Heating
  • Forced Air
  • Natural Gas
Interior Features
  • Basement
Listing provided by Realcomp on 09/30/2019
Copyright © 2019 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

LEONARD PICKETT

RCH Brokerage Legacy Inc

Demographics in 48238top

Population

Total population 28,447
Male population 13,391
Female population 15,056
Median age 35.90

Households

Total households 10,601
Average people per household 2.68

Housing

Total housing units 17,737
Owner occupied 5,218
Renter occupied 5,383
Median year built 1939

Income

Median household income 23,862
Average household income 34,723

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Disclaimer


Demographic data shown in this section was gathered from the 2017 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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