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Price: $40,000 2903 Richton St, Detroit MI 48206 MLS® #: 218119986

  • 4 Bath
  • 6,934 SqFt
  • $5.77 / SqFt
  • Year Built: 1946

Description of 2903 Richton St, Detroit

Great Opportunity outside of Russell Woods. This Brick Building features 4 separate units. Buyer must submit an estimated cost of renovation and proof of funds to meet the estimated costs. The seller also will require proof of the Buyer's ability to complete this type of rehab. 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 abatement 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 abatement on the purchase and development financing.’ BATVAI

About this Property

This $40,000 property has approximately 6,934 square feet and was built in 1946. This home is located in the Detroit school district. Properties located in the Detroit district have an average price per square foot of $34/SqFt. Houses with similar square footage range in price from $10,000 to $45,000 and have an average price per square foot of $5/SqFt. Depending on where you live in Detroit your children and/or teenagers may go to the Detroit school district, Lincoln Consolidated school district, or Hamtramck school district.

Your Buyer Specialist, MARK Z

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Stats for Zipcode 48206 for last 4 Months

Average Listing Price Average $/sqft Average $/sqft Sold Average Listing/Sale ratio Number of Sold Homes
$84,988.36 $35.50 $34.60 68.17% 42

Essential Information

Lot Information

Additional Information

  • ZoningCommercial
  • ZoningCommercial

Community Information

Interior

  • HeatingForced Air
  • FoundationBasement

Square Footage

  • Above Ground Finished6,934
  • Total Finished6934

Area

05043-Det: Livernois-I75 6-Gd River

Exterior

  • ExteriorBrick

School Information

Listing Details

IDX provided courtesy of Realcomp II Ltd., via eXp Realty and REALCOMP, ©2019 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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