5557 Moran Street Detroit, MI 48211
Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Sale includes 5 adjacent lots 5543, 5551, 5561, 5571, 5537 Moran. Sale contingent on buyer/seller executed development agreement. 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. Contact listing broker with any questions.
- Property TypeMulti-Family
- NeighborhoodCharles F Lohrmans Sub (Plats)
- CountyWayne
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site152 Days
- MLS StatusActive
- MLS ID Number24000620
- Home Size Source N/A
- Year Built1909
- Lot Size0.08 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Other
- Parking Spaces 2
- Sewer Public Sewer
- Basement Full
- Acreage 0.08
- Zoning Residential
- Cross Street E. Grand Blvd. & Moran
- Property Sub Type Multi Family
- Utilities Natural Gas AvailableNatural Gas Connected
Interior Features
- Heating Forced AirNatural Gas
- Fireplaces 1
- Fireplace Yes
Exterior Features
- Waterfront Property No
Community Features
- Association Amenities Pets Allowed
- MLS Area Wayne County - 100