$525,000
Pending

3418-3426 JOHN R STREET

DETROIT, MI 48201
9 beds | 7.5 baths | #2210086543
Browse 20 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

Description

Amazing BRUSH PARK Residential Development Opportunity in the heart of Detroit. One of a kind opportunity to be neighbors with some of the most monumental redevelopments in Detroits resurgence, such as Little Caesars Arena, Wayne State University Mike Illitch School of Business, Detroit Medical Center, and many more. The Detroit Land Bank Authority is seeking a developer for a prime development site comprised of a vacant shell to be transformed into apartment or condo use under the current R5 Zoning - Minimum Density Residential District. The site contains 3 adjacent structures: 3418, 3422 and 3426 John R Street. Detailed proposals are not limited to site plans, Proof of Funds for both the acquisition and construction costs, as well as developer experience. The Development Proposal Guidelines and offer instructions are attached to listing. Seller Purchase and Development Agreement to be provided upon acceptance of qualifying offer. All proposals are due November 14, 2021.

  • Interior Details
      • Total Baths6.30
      • Bathrooms7.5
      • Bedrooms9
      • Full Baths6
      • Half Baths3
  • Construction Details
      • Property TypePurchase
    • Condition
      • Year Built1903
  • Community and Neighborhood Details
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Other
      • MLS #2210086543
  • -

    Location

    Andrea CantyReal Estate Group
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    Down Payment

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    10.0%

    Interest Rate

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    6.0%

    Tax Rate

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    2.6%
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    monthly

    Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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