Build your dream home or a multi-family development to suit. Zoned 3. This opportunity is located near the Woodward corridor with convenient access to local businesses and institutions. The seller is the Detroit Land Bank Authority. Buyer must submit an application to purchase, including construction plans or precedent architectural images… Read More of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. 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 request 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. Read Less
Courtesy of RCH Brokerage Legacy Inc.
Listing Snapshot
Days Online
37
Last Updated
Property Type
Vacant Land
Lot Size
0.14 Acres
MLS Number
60974417
30 Days Snapshot Of 48202
$64k
-60%
(avg) sold price
2
-50%
homes sold
51
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Water Features
Public Water
Lot
Lot size: 60.00X100.00, 0.14 acres
Property
Residential
Taxes
Total: $0
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