$19,900 for Sale
3345 e ferry street, detroit, MI 48211
| Beds 3 | Baths 1 | 1,363 Sqft | 0.12 Acres |
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Property Description
Redevelopment opportunity in Poletown East/Farnsworth neighborhood. The existing structure will require rehabilitation, making this site well-suited for investors, builders, or end users looking to create a project aligned with neighborhood revitalization efforts. The property is positioned with convenient access to Midtown, the Detroit Medical Center, Eastern Market, GM, and surrounding east-side neighborhoods. The surrounding micro-neighborhood reflects continued reinvestment, including new development, renovations, and urban agriculture initiatives, offering strong potential for future growth in accordance with Detroit Land Bank Authority program requirements. Room measurements are estimated and should be verified. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a settlement in lieu of taxes, determined after DLBA review of the development pro forma and financing.
General Information
Sale Price: $19,900
Price/SqFt: $15
Status: Active
MLS#: rcomi60962026
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: charles f lohrmans sub
Acres: 0.12
Lot Dimensions: 30X171.53
Bedrooms:3
Bathrooms:1 (1 full, 0 half)
House Size: 1,363 sq.ft.
Acreage: 0.12 est.
Year Built: 1913
Property Type: Single Family
Style: Victorian
Features & Room Sizes
Bedroom 1: 12x12
Bedroom 2 : 9x8
Bedroom 3: 9x9
Bedroom 4:
Family Room:
Greatroom:
Dinning Room: 9x12
Kitchen: 8x9
Livingroom: 8x12
Pole Buildings:
Paved Road: Paved Street
Garage: No Garage
Exterior: Wood
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $0
HOA fees:
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Listing By: Catina Willis of Next Level Realty & Investments, Phone: 734-506-0076
