5557 MORAN Street Detroit, MI ^$ 6,500

5557 MORAN Street

^$ 6,500

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5557 MORAN Street

Detroit, MI, 48211

^$ 6,500

Studio Baths0.0 Sq 1,980

Monthly Estimate*

^$ 43

5557 MORAN Street, Detroit, MI 48211 - Image 1

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5557 MORAN Street, Detroit, MI 48211 - Image 3

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Studio

Multi-Family Home for sale in Detroit, MI

for $6,500. This 1,980 square foot home was built in 1909 on a lot size of 0.08.

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

Multi-Family Active

Price

^$ 6,500

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.08

Year Built

1909

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70383096

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Year Built 1909

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 0

Percent Ownership Other/See Remarks

Municipality Detroit

Zoning Residential

Subdivision MI

Area Detroit (82001)

Primary City Detroit

Directions S. of E. Grand Blvd./W of Moran

City Detroit

School District Detroit City School District

Street Name MORAN

Financial Terms Cash

Legal Description W MORAN 68 CHAS F LOHRMANS L16 P31 PLATS W C R 13/151 30 X 111.50

DOM 148

Postal Code 48211

Price Per Sq Ft Total 3.28

Coming Soon 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

Exterior

Exterior Other

Frontage 30

Lot Size Area 0.08

Lot Dimensions 30.00 x 112.00

Roads Paved Street

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Natasha Talley

Listing Agent

Bellabay Realty Tri-Counties

Broker

natasharichards@comcast.net

Affordability Calculator

$43

Per Month

Monthly Principal & Interest: $43
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$224,785

Percent of Sale Price 3,358%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2024	$6,500		Listed Price

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5557 MORAN Street, Detroit, MI, 48211 is a Multi-Family Home for sale at $6,500 with 1,980 sqft and a lot size of 0.08. 5557 MORAN Street is a studio with 0.0 baths and was built in 1909. The property's zip code is 48211 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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5557 MORAN Street

Multi-Family Home for sale in Detroit, MI

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