$10,000 for Sale
16566 stoepel street, detroit, MI 48221
| Beds 3 | Baths 2 | 1,596 Sqft | 0.10 Acres |
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1 of 1 |
Property Description
Great investment. DLBA-owned 3-bedroom, 1.5-bath residential property located in the Fitzgerald/Marygrove neighborhood. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal to DLBA, including intended use and renovation timeline, proof of funds, scope of work with cost breakdown, and documentation of prior renovation projects (addresses and photos). The DLBA recommends reviewing all applicable Neighborhood Framework Plans through the City of Detroit Planning and Development Department for additional neighborhood context. DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This may be incompatible with certain tax abatements or lot combinations. Waiver requests will be reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to review of development pro forma and financing.
General Information
Sale Price: $10,000
Price/SqFt: $6
Status: Active
MLS#: 20251060706
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: addison heights
Acres: 0.1
Lot Dimensions: 35X120
Bedrooms:3
Bathrooms:2 (2 full, 0 half)
House Size: 1,596 sq.ft.
Acreage: 0.1 est.
Year Built: 1927
Property Type: Single Family
Style: Bungalow
Features & Room Sizes
Bedroom: 12.00 x 10.00
Bedroom: 10.00 x 10.00
Bedroom - Primary: 14.00 x 12.00
Bath - Full: 6.00 x 8.00
Bath - Full: 6.00 x 8.00
Paved Road: Paved
Garage: No Garage
Construction: Vinyl
Exterior: Vinyl
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: $0
Est. Winter Taxes: $0
Govt Ownership: HUD
Legal Description: E STOEPEL 96 ADDISON HEIGHTS SUB L34 P53 PLATS, W C R 16/304 35 X 120
IDX provided courtesy of Realcomp II Ltd. via Tremaine Real Estate and Realcomp II Ltd, ©2025 Realcomp II Ltd. Shareholders
Listing By: Adam Hage of Atlas Properties Inc, Phone: (313) 598-2566
