2903 RICHTON Street, Detroit, Wayne County, MI 48206

For Sale

Listed by LEONARD PICKETT with RCH Brokerage Legacy Inc
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Property Summary for 2903 RICHTON Street

Property Type
Multi-family
Lot Size
0.32 Ac
MLS Number
218119986
Year Built
1946
Date Added
27 December 2018
full baths
4
stories
2
Neighborhood
Durfee
Zip
48206
School District
Detroit City School District

Description for 2903 RICHTON Street

Great Opportunity outside of Russell Woods. This Brick Building features 4 separate units. Buyer must submit an estimated cost of renovation and proof of funds to meet the estimated costs. The seller also will require proof of the Buyer's ability to complete this type of rehab.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 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
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Features for 2903 RICHTON Street

Roof
  • Asphalt
Interior Features
  • Basement
Heating
  • Forced Air
  • Natural Gas
Exterior Finish
  • Brick
Listing provided by Realcomp on 02/08/2020
Copyright © 2020 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 48206top

Population

Total population 15,745
Male population 7,291
Female population 8,454
Median age 39.30

Households

Total households 6,218
Average people per household 2.41

Housing

Total housing units 13,159
Owner occupied 2,859
Renter occupied 3,359
Median year built 0

Income

Median household income 22,308
Average household income 39,626

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Disclaimer


Demographic data shown in this section was gathered from the 2018 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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