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$ 19,900
Est. payment /mo
New
3345 E Ferry Street Detroit, MI 48211
3 Beds
1 Bath
1,363 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,363 sqft
Price per Sqft $14
MLS Listing ID 20251060612
Bedrooms 3
Full Baths 1
Year Built 1913
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 30X171.53
Property Sub-Type Single Family Residence
Source Realcomp
Property Description
Redevelopment opportunity in Poletown East/Farnsworth neighborhood. The existing structure will require rehabilitation, making this site well-suited for investors, builders, or end users looking to create a project aligned with neighborhood revitalization efforts. The property is positioned with convenient access to Midtown, the Detroit Medical Center, Eastern Market, GM, and surrounding east-side neighborhoods. The surrounding micro-neighborhood reflects continued reinvestment, including new development, renovations, and urban agriculture initiatives, offering strong potential for future growth in accordance with Detroit Land Bank Authority program requirements. Room measurements are estimated and should be verified. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a settlement in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Location
State MI
County Wayne
Area Wayne County - 100
Direction South of E. Grand Blvd, East of McDougall
Interior
Heating Forced Air
Exterior
View Y/N No
Garage No
Building
Story 2
Sewer Public
Water Public
Structure Type Wood Siding
Schools
School District Detroit
Others
Tax ID W13I003334S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}
Listed by Next Level Realty & Investments