Development Opportunity in the Virginia Park Community. Welcome to 1670 Lee Place, Detroit, MI, a Detroit Land Bank Authority property located in the heart of the Virginia Park Community, an area experiencing active revitalization and increased neighborhood investment. The property is within walking distance to the well-known restaurants, cafés, and… Read More is conveniently located near Henry Ford Hospital, New Center, and surrounding development projects currently underway. Residents also benefit from access to nearby bike lanes, neighborhood parks, and the Joseph Williams Recreation Center. This property presents an excellent opportunity for an investor, rehab buyer, or owner-occupant looking to restore and personalize a home in a historic and evolving Detroit neighborhood. Ideal for renovation, redevelopment, or long-term ownership. A strong opportunity for buyers seeking to contribute to community growth while building value in a prime location. 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 payment in lieu of taxes, determined after DLBA review of the development pro forma and financing. Read Less
Courtesy of Next Level Realty & Investments.
Listing Snapshot
Days Online
90
Last Updated
Property Type
Single Family
Beds
3
Full Baths
1
Partial Baths
1
Square Ft.
1,328
Lot Size
0.07 Acres
Year Built
1916
MLS Number
60962410
30 Days Snapshot Of 48206
$1k
-28%
(avg) sold price
2
-50%
homes sold
48
-42%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Basement
Unfinished
Building
1,328 square feet, 7 total rooms, Built in 1916, Style: 2 Story, Colonial
Exterior Features
Wood
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Kitchen
Length: 15 feet, Width: 8 feet
Lot
0.07 acres, Size: 30X100
Living Room
Length: 14 feet, Width: 15 feet
Taxes
Amount: $0
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