Development opportunity located in the desirable Virginia Park Community. This property is within walking distance to local restaurants, coffee shops, and ongoing neighborhood redevelopment. Surrounded by revitalization and conveniently located near major corridors, this is an excellent opportunity for an investor or buyer looking to renovate, redevelop, or hold in… Read More a growing area. 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
74
Last Updated
Property Type
Single Family
Beds
3
Full Baths
1
Square Ft.
1,196
Lot Size
0.09 Acres
Year Built
1915
MLS Number
60965758
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
1,196 square feet, 7 total rooms, Built in 1915, Style: 2 Story, Colonial
Dining Room
Length: 12 feet, Width: 11 feet
Exterior Features
Wood
Foundation
Basement
Water Features
Public Water
Heating
Natural Gas, Forced Air
Kitchen
Length: 11 feet, Width: 7 feet
Lot
0.09 acres, Size: 30X127
Living Room
Length: 17 feet, Width: 12 feet
Taxes
Amount: $38
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