3196 LOCKWOOD Street, Detroit, MI 48210

$5,000 Asking Price

2 beds
2 baths
2,000  sqft
Built in 1905

Great for experienced investors. 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 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. BATVAI. Please see attached documents for DLBA guidelines.


Features & Amenities

Interior

Basement:
Unfinished
Heating:
Hot Water, Natural Gas

Exterior

Style:
Bungalow

Construction

General:
Wood, 1 1/2 Story, Basement

Location

Road/Access:
Paved
School District:
Detroit
County:
Wayne

Lot

Zoning:
E LOCKWOOD 199 MCMILLAN & WHITING SUB L14 P97 PLATS, W C R 16/76 30 X 146.61, W16I010522S

Utilities

Water:
Public
Sewer:
Sewer-sanitary

This listing courtesy of:
RCH Brokerage Legacy Inc, Leonard A Pickett III

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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