$59,000 for Sale
16503 ohio street, detroit, MI 48221
| Beds 4 | Baths 2 | 2,154 Sqft | 0.09 Acres |
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Property Description
4 Bed Brick Bungalow in the Opportunity in Fitzgerald/Marygrove Neighborhood – Detroit Land Bank Owned Fantastic opportunity to restore this 4 Bed Brick Bungalow property in the Fitzgerald/Marygrove neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.
General Information
Sale Price: $59,000
Price/SqFt: $27
Status: Active
MLS#: rcomi20251038952
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: puritan heights sub
Acres: 0.09
Lot Dimensions: 35X114
Bedrooms:4
Bathrooms:2 (1 full, 1 half)
House Size: 2,154 sq.ft.
Acreage: 0.09 est.
Year Built: 1928
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved
Garage: 2 Car
Garage Description: Detached
Construction: Brick
Exterior: Brick
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $250
Est. Winter Taxes: $190
Govt Ownership: HUD
Legal Description: W OHIO 315 PURITAN HEIGHTS SUB L34 P60 PLATS, W C R 16/302 35 X 114
IDX provided courtesy of Realcomp II Ltd. via Prestige Real Estate Group and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders
Listing By: Erick Monzo of Keller Williams Realty-Great Lakes, Phone: (586) 541-4000
