Located in Detroit's East English Village. Property zoned at R1. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build… Read More opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI. Please see attached documents for DLBA guidelines. Read Less
Courtesy of RCH Brokerage Legacy Inc.
Listing Snapshot
Days Online
356
Last Updated
Property Type
Vacant Land
Lot Size
0.13 Acres
MLS Number
60383555
30 Days Snapshot Of 48224
$1k
0%
(avg) sold price
0
-100%
homes sold
19
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Water Features
Public Water
Lot
Lot size: 40 x 141, 0.13 acres
Property
Residential
Taxes
Total: $43
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