Type: Private
Price: $750,000
Location: Detroit, Michigan, MI
Address: 10420 WHITTIER ST, MI
Zip: 48224
Bathrooms: 12
Size: 9580 square feet
Property size: 9149 square feet
Condition: Used
Great passive income generating property.
12 one bedroom units. 10 of 12 units are being rented at an average of 850 a month, some of them are section 8 tenants. Property management in place, newly renovated in 2022, and onsite laundry rooms card operated with card machine on site. Tenants pay electrical. The owner pays for water and gas. All heat is electric! PROPERTY WAS APPRAISED IN MAY 2023 FOR $780k
Welcome to the latest offering from the Detroit Land Bank Authority.
Large 2 family flat near the much sought after North end. This property needs extensive rehab and use caution when showing. 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/or 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. Please refer to DLBA proposal guidelines
One story handicap accessible ready duplex condo with 3-0 interior doors on main level.
These units have premium vinyl lap siding with ledge stone accents and stained cedar columns and beams. Main floor laundry room off garage with tile flooring and a shiplap seating area & a convenient cubby for storage. The open floor plan is warm and inviting
with a peninsula kitchen, a spacious living room with a ledge stone surround gas log fireplace, and shiplap accent from mantel to ceiling. Granite counters in the kitchen & bathrooms. Beautiful x 6-1/2 hardwood (White Oak) flooring in kitchen, dining & living room.
The primary bedroom offers carpet, a walk-in closet, & a private bath with ceramic tiled shower walls & floor. The same carpet in the main floor bedrooms will also be on the stairs to the lower level where you will enjoy luxury vinyl plank flooring, a family room, a third bedroom and bathroom. All units are modeled to have HERS score of 48 (see associated docs for details) which is incredibly low. Energy cost will be approximately
$750.00/year which makes it easy on the budget. The 2-car attached garage will be pre-wired for Electric Vehicle charging station ensuring you will always have your EV ready when you want to get out and about.
Landscaping and underground irrigation and a 10 x 12 concrete patio completes the package. Lets not forget how close you will be to shopping, restaurants, recreational/entertainment, the Library, Cherry Capital Airport and just minutes away from the ever-popular recently completed Boardman Lake Loop Trail which encircles the lake and provides easy access to downtown Traverse City and the Traverse Area Recreational Trails.
Fireplace, Parking, Patio/Deck, Storage
To Be Built - One story handicap accessible ready duplex condo with 3-0 interior doors on main level.
These units will have premium vinyl lap siding with ledge stone accents and stained cedar columns and beams. Main floor laundry room off garage with tile flooring and a shiplap seating area & a convenient cubby for storage. The open floor plan
is warm and inviting with a peninsula kitchen, a spacious living room with a ledge stone surround gas log fireplace, and shiplap accent from mantel to ceiling. Granite counters in the kitchen & bathrooms. Beautiful x 6-1/2 hardwood (White Oak) flooring in kitchen, dining & living room.
The primary bedroom offers carpet, a walk-in closet, & a private bath with ceramic tiled shower walls & floor. The same carpet in the main floor bedrooms will also be on the stairs to the lower level where you will enjoy luxury vinyl plank flooring, a family room, a third bedroom and bathroom. All units are modeled to have HERS score of 48 (see associated docs for details) which is incredibly low. Energy
cost will be approximately $750.00/year which makes it easy on the budget. The 2-car attached garage will be pre-wired for Electric Vehicle charging station ensuring you will always have your EV ready when you want to get out and about.
Landscaping and underground irrigation and a 10 x 12 concrete patio will complete the package. Lets not forget how close you will be to shopping, restaurants, recreational/entertainment, the Library, Cherry Capital Airport and just minutes away from the ever-popular recently completed Boardman Lake Loop Trail which encircles the lake and provides easy access to downtown Traverse City and the Traverse Area Recreational Trails.
Fireplace, Parking, Patio/Deck, Storage
To Be Built - One story handicap accessible ready duplex condo with 3â-0â interior doors on main level.
These units will have premium vinyl lap siding with ledge stone accents and stained cedar columns and beams. Main floor laundry room off garage with tile flooring and a shiplap seating area & a convenient cubby for storage. The open floor
plan is warm and inviting with a peninsula kitchen, a spacious living room with a ledge stone surround gas log fireplace, and shiplap accent from mantel to ceiling. Granite counters in the kitchen & bathrooms. Beautiful âx 6-1/2 hardwood (White Oak) flooring in kitchen, dining & living room.
The primary bedroom offers carpet, a walk-in closet, & a private bath with ceramic tiled shower walls & floor. The same carpet in the main floor bedrooms will also be on the stairs to the lower level where you will enjoy luxury vinyl plank flooring, a family room, a third bedroom and bathroom. All units are modeled to have HERS score of 48 (see associated docs for details) which is incredibly low.
Energy cost will be approximately $750.00/year which makes it easy on the budget. The 2-car attached garage will be pre-wired for Electric Vehicle charging station ensuring you will always have your EV ready when you want to get out and about.
Landscaping and underground irrigation and a 10 x 12 concrete patio will complete the package. Letâs not forget how close you will be to shopping, restaurants, recreational/entertainment, the Library, Cherry Capital Airport and just minutes away from the ever-popular recently completed Boardman Lake Loop Trail which encircles the lake and provides easy access to downtown Traverse City and the Traverse Area Recreational Trails.
Fireplace, Parking, Patio/Deck, Storage
