5127 Trumbull
This property has been withdrawn from the auction.
See Official Auction Page
Auction #582220
| Acreage: | 0.13 |
| Assessment: | $18,262.00 |
| Auction ID: | 582220 |
| Bidding Ends: | 09:45 AM EDT, Oct 22 |
| City: | DETROIT |
| Cluster: | 4 |
| Frontage: | 43.5 |
| Last Sale Date: | 10/19/2009 |
| Last Sale Price: | $3,000.00 |
| Min. Bid: | $500.00 |
| Num Bids: | 0 |
| Owner: | TURNER, LEWIS |
| Parcel ID: | 08005835. |
| Round 1 Min: | $10,100.00 |
| SqFeet: | 5663.000 |
| Status: | Withdrawn |
| Structure: | Structure |
| Style: | LARGE FLATS |
| Subdivision: | J L MC CLOUDS |
| Ward: | 08 |
| Year Built: | 1895 |
| Zoning: | Residential |
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The property suffered a severe fire a year or two ago. The roof has collapsed on one side of the building, which can be seen while driving by. The person who buys this property should expect to have to tear everything out except the brick walls and replace everything inside.
This property is going to be a lot of work, due to the fire, etc., but I think someone could do a lot of good for the neighborhood and make a healthy profit if they rehabbed it. This spot is currently on the city's dangerous buildings list, so I fear it'll get demolished.
Well, looks like this guy is up for demolition.
http://www.detroitmi.gov/Portals/0/images/mayor/demolition_map/Building%20and%20Safety%20Phase%203-%202.pdf
I want to buy this and rehab but how do I get off demo list if I buy
Things one should keep in mind about this property that aren't obvious at first look:
- There is a lot of interest in this property, and the bidding will be competitive. It will probably sell for $10,000-$20,000. I know I am seriously looking at acquiring and rehabbing it and I would be surprised if Larry John, arguably the neighborhood's biggest landlord, isn't doing the same.
- This will require a full-gut rehab. Since it had a serious fire the new owner will probably have to replace the entire interior infrastructure (studs, joists, beams) and do a lot of masonry work in the walls and basement.
- There is an ugly, boarded up industrial building adjacent to it. That will make finding tenants for the rehabbed structure more difficult and depress the amount you can get in rental rates.
- This is on Trumbull, so there is a lot of vehicle traffic (sound, vibration) that will make it less desirable and foot traffic that will leave it open to potential crimes of opportunity.
- Winter is coming, and fast. Whoever buys it will have to secure the building and make it water tight before winter sets in and the freeze/thaw cycles begin in earnest. That means boarding up the remaining open windows/doors and replacing the collapsed second floor roof.
- The winner will have to pay the 2012 taxes practically right away. That's another $2,000 added onto the purchase price.
- Since it had a fire, getting electrical service connected to it will be very difficult, and not cheap. Expect to spend weeks making that happen, and probably a few thousand dollars.
Bottom line, this is a cool building in a great location, however, it is a mountain of a project. It will cost well in excess of $100,000 (probably more in the realm of $200,000, especially if the acquisition price is in excess of $10,000) to bring this back to life. Expect that it will take 1.5-3 years to do it. And that's if you have experience doing this sort of thing. Bidder beware.
Please don't bid up the price of it when you don't have the money or wherewithal to take on a project of this magnitude. The higher the bidding goes the longer it will take for the winner to bring it back to life because of the high-acquisition price.
Bizzness - If you're unfamiliar with the process, I'd suggest looking elsewhere. This is part of the Bing 10,000, so if you want to keep it from being torn down, you'd need to act quick. You'd have to get your two inspections, council approval, pay your taxes, and get the property shored up in four or five months. From what I've seen, that would be a record-setting pace for all of that. If any of the steps ran over, the city would demolish the house, and slap a lien on your vacant lot, presumably giving the property negative value.
Mr zemke and Mr linn seems like u guys really want this house so ill leave it to y'all and hope people who don't have the money to fix this house don't bid y'all up. I have the money to purchase and rehab the house and would have been in on the bid if it wasn't on the demo list, cause I wouldn't start on the building till next year ill stay away but I pray if anyone of u get it you make it a gorgeous. "God Bless"
Spoke to several people at the city about it today, and this structure is on the brink of demolition. It's on the Dangerous Building list and has been approved for demolition by City Council in 2010. Trying to find the right person who can say when exactly it's scheduled for demolition is difficult, to say the least. Only the owner can have it taken off the list and that person needs to jump through a number of different hoops (inspections, forms, fees) to get to that point. I am trying to get it a temporary reprieve until after the auction, but that is proving difficult.
FYI to the WDWOT? community, I am going to make a serious run at acquiring and redeveloping this building. I ask any potential bidders to keep in mind that the higher the bidding goes the longer it will take to redevelop the building and the harder the project will become for whomever gets it. This is a large-upfront-investment project with low margins, but a great long-term investment for a local stakeholder like myself. If anyone else has plans for it, please feel free to contact me at jonzemke (at) yahoo (dot) com and let's see if we can reach a reasonable solution. Thank you.
Jon, this building is in the Woodbridge Historic District so would "theoretically" need to have HDC approval for demo. That's never a guarantee in this city, but may be a loop that buys you some time. If you win the property you should be in touch with Jennifer Ross with the HDC to make your plans to rehab the building known. Again, not a guarantee in this city, but it could be a good dialogue to start. Happy bidding! =]
I'm pretty sure Woodbridge does not enjoy the same historic protections as other historic neighborhoods in the city. I don't recall the specifics, but do remember there was a difference in the way Woodbridge was listed whether it was deemed historic by the state and not the feds or the other way around. Some of the old timers from the WCDC or from the remnants of the WNDC should be able to fill in the blanks.
Huh. I am not shocked this was withdrawn before the auction considering the interest in it.
Jon that suck i hoped to see one of yall win and do something with it