20228 PACKARD Street, Detroit, MI 48234

$24,000 Asking Price

3 beds
2 baths
1,440  sqft
Built in 1926

Investor special on a THREE home bundle brought to you by the Detroit Land Bank Authority! These homes on Detroit's eastside has a ton of potential and could easily be turned into a single family residence and/or income generating duplexs! THE ADDRESSES INCLUDED IN THIS BUNDLE ARE 20228 PACKARD, 20247 CARRIE, AND 20238 HELEN. THEY MUST BE PURCHASED TOGETER. TOTAL LISTING PRICE IS $24,000. Please note that the DLBA 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.

Features & Amenities

Interior

Basement:
Unfinished
Heating:
Forced air, Natural gas

Exterior

Style:
Bungalow
Pool:
None
Parking:
Twoand half car garage, Detached

Construction

General:
Vinyl siding, OneandOneHalf, Basement, Poured

Location

Road/Access:
Paved
Originating MLS:
Realcomp II Ltd
School District:
Detroit
County:
Wayne

Lot

Zoning:
E PACKARD 371 BASELINE SUB L45 P82 PLATS, W C R 15/258 35 X 116, W15I006231S

Utilities

Water:
Waterat street
Sewer:
Sewer at Street

Financial

Source:
Realcomp II Ltd

This listing courtesy of:
Keller Williams Realty-Great Lakes, Erick Monzo

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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