2279 Pasadena StDetroit, MI 48238

This 1,728 square foot apartment building, constructed in 1924, presents a compelling investment opportunity in Detroit, Michigan. Located at 2279 Pasadena St, in Wayne County, zip code 48238, this multifamily property sits on a 3,850 square foot lot and is zoned for multi-family use. The asking price is $8,000, translating to $4.63 per square foot. It's important to note that this property is part of a four-property bundle sale, including 2324 Pasadena, 2265 Pasadena, and 2325 Pasadena, with a total asking price of $32,000. Individual sales are not permitted. Prospective buyers should be aware that the Detroit Land Bank Authority (DLBA) retains tax capture rights for five years post-sale. This tax capture may conflict with other available tax abatements. The DLBA may waive these rights, potentially requiring a payment in lieu of taxes, contingent on a review of the development plan and its impact on financing. The sale is "as is, where is" (BATVAI). Detailed DLBA requirements and offer submission instructions are available in accompanying documentation.