9953 Mcquade StDetroit, MI 48206

Property Details for 9953 Mcquade St

Year built

1924

Lot size

0.09 AC

Property size (Sq ft)

3,498 SF

Property type

Apartment buildings

Description

This four-unit apartment building located at 9953 McQuade St, Detroit, MI 48206, presents a compelling investment opportunity for experienced developers. Built in 1924, the property boasts 3,498 square feet on a 0.09-acre lot within Wayne County. Currently zoned residential, the property is offered at an asking price of $10,000. Prospective buyers must submit a comprehensive proposal, including detailed construction plans or comparable architectural renderings illustrating proposed development, along with a robust financing plan. Proof of funds, a pre-approval letter, or a secured construction loan is required. The proposal must demonstrate compliance with Detroit's Design Review process. It's important to note that the existing tax capture may not be compatible with other available tax abatements. Waivers of tax capture rights may be considered by the DLBA, potentially requiring a payment in lieu of taxes, the amount of which will be determined based on the development financing. All proposals must be submitted via Google Docs, using the link provided in the attached documents outlining DLBA requirements. The property is sold AS-IS, where-is.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3749

Longitude

-83.1233

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