Address
5557 Moran St Detroit, MI
Price
$ 6,500
Property Attributes
  • MLS#40163129
  • TypeMulti-Family
  • CountyWAYNE
  • CityDetroit
  • AreaDetroit
  • NeighborhoodDetroit
  • Zip48211
  • StyleColonial
  • Price$ 6,500
  • Bedrooms0
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1980
  • Lot Size3,485 SqFt
Listing Provided Courtesy Of:
Bellabay Realty Tri Counties
Data Source:
Michigan Multiple Listing Service
Property Description

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.

Price History
4/14/2021 Listed $6,500

General Features

Basement Block
Bathrooms 2
Class MULTIFAMILY
Community Amenities Pets-Allowed
Directions S. of E. Grand Blvd./W of Moran
Financial Terms Cash
Full Baths 2
Heating Forced Air
Legal Description W MORAN 68 CHAS F LOHRMANS L16 P31 PLATS, W C R 13/151 30 X 111.50
Listing Area Detroit (82001)
Municipality Detroit
Originating Mls RealComp
Ownership Government Owned
Parking On Street
School District Detroit City School District
Source Mls MI Real Source
Status Active
Status Active
Structure Style 2 Story
Style Colonial
Subdivision CHARLES F LOHRMANS SUB (PLATS)
Subj To Short Sale Apprvl No
Type Multi-Family
Water Public Water
Year Built 1909
Zoning Residential

Interior Features

Fireplace? No
Fuel Type Natural Gas
Total Number of Units 2

Exterior Features

Exterior Other
Foundation Type Basement
Frontage 30
Lot Dimensions 30.00X112.00
Lot Size Area 0.08
Roads Paved Street
Sewer Septic Public Sanitary
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48211

Price
AVG $40K
$10K
Visits
AVG 25
11
Year Built
AVG 1914
1909
Walkscore
AVG 39
49
Data Provided by Walkscore ® not using MLS data