4288 Webb St, Detroit, MI 48204

$28,000 Asking Price

3 beds
3 baths
3,974  sqft
Built in 1926

Over 3,900 Square Feet can once again come to life, just bring your imagination. This super investment opportunity comes with 3 lots included, 4272 Webb, 4282 Webb & 4268 Webb. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 & Amenities

Interior

Basement:
Unfinished
Heating:
Natural Gas, Forced Air

Exterior

General:
Brick
Style:
Colonial

Construction

General:
2 Story, Basement

Location

Road/Access:
Paved Street
Originating MLS:
RealComp
School District:
Detroit City School District
County:
Wayne

Lot

Zoning:
N WEBB 181 STACKS LOVETT AVE SUB L37 P100 PLATS, W C R 14/200 44.71 X 104, W14I003940S

Utilities

Water:
Public Water
Sewer:
Public Sanitary

Financial

Source:
RealComp

This listing courtesy of:
Bellabay Realty Tri Counties, Natasha C Richards

About Detroit, MI

Housing

Number of Units
292,561
Median Home Value
$70,234
Median Rent
$679

53.65% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
71.17%
Public Transportation
5.99%
Walk to Work
3.15%
Work from Home
17.73%
Other
1.42%

The median travel time to work is 23 minutes.

People

Population
593,210
Median Age
36.40
Median Household Size
2.38

Education

High School
33.32%
Associate’s Degree
7.33%
Bachelor’s Degree
9.43%
Graduate Degree
6.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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