About 7069 Elmhurst St
Located in a rapidly growing neighborhood, this 4-unit multi-family property offers an incredible potential investment opportunity. Each of the four spacious units features 2 bedrooms, providing ample living space. With over 3,400 square feet, this property boasts plenty of room for both residents and potential for higher rental income as the area continues to develop. This property offers a fantastic opportunity to own a piece of a growing community while benefiting from a strong rental market. Don’t miss out on the chance to add this promising asset to your portfolio! The 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.
Features of 7069 Elmhurst St
MLS® # | 20240091932 |
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Price | $30,000 |
Bathrooms | 4.00 |
Full Baths | 4 |
Square Footage | 3,416 |
Acres | 0.12 |
Year Built | 1926 |
Type | Multifamily |
Sub-Type | Colonial |
Style | Colonial |
Status | Pending |
Community Information
Address | 7069 Elmhurst St |
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Area | 05042 - Det 6-Tire - Grnfld - Livernois |
Subdivision | PONCHARTRAIN HEIGHTS SUB (PLATS) |
City | Detroit city |
County | Wayne |
State | Michigan |
Zip Code | 48204 |
Amenities
Parking | 6 or More Car Garage |
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# of Garages | 6 |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Forced Air, Natural Gas |
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Fireplace | No |
Exterior
Construction | Brick |
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Foundation | Basement, Block |
School Information
District | Detroit |
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Additional Information
Foreclosure | No |
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Short Sale | No |
RE / Bank Owned | No |
Listing Details
Office | Bellabay Realty Tri Counties |
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Contact Info | natasharichards@comcast.net |