1929 Florence Street

About this home

Excellent investment opportunity in rapidly developing Martin Park neighborhood located just minutes from Woodward, Palmer Park, and the Detroit Golf Club. There is a lot included with the sale, 1923 Florence, zoned R2, 3354 square feet, and must be sold together. Bring your hard hat and vision because this property has incredible potential—grab it at this price while you can! The DLBA retains the right to tax recapture for five (5) years following transfer of ownership only if there are a combination of parcels and/or if the applicant is securing a tax abatement. This property comes with CLEAR TITLE.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

Property taxes for a new owner

The current owner pays about $1,002 a year. A buyer who lives here would pay about $405 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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