5557 MORAN ST
DETROIT, MI 48211
$6,500
N/A Beds
2 Baths
1,980 Sq Ft
Status Active
MLS# 20240024484
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.
Details for 5557 MORAN ST
Built in 1909
$3 / Sq Ft
2 parking spaces
Forced Air
36 Days on website
0.08 acres lot
Area Information for 5557 MORAN ST
