Great property for infill building located in Detroit’s bustling North End neighborhood. Buyer must submit an app to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF OR Pre- App letter on a new construction loan. This property is within walking distance to the Q-Line and New Center Area. 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. Please see attached documents for DLBA requirements and offer submission information. BATVAI
General Information
Sale Price: $25,000
Price/SqFt:
Status: Active
MLS#: 2210010612
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: chandler ave sub (plats)
Acres: 0.13
Lot Dimensions: 65.00X88.00
Size:
Acreage: 0.13 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: Property exempt from Ad Valorem taxes and assessed on the Special Act Roll pursuant to PA 261 of 2003 expiring 12/30/2020. S CHANDLER N 87.81 FT OF W 14.65 FT 10 N 87.81 FT OF 9 CHANDLER AVE SUB L13, P96, PLATS, W C R 1/106 64.65 X 87.81
