Great property for infill building. Sold with 2 vacant lots (1414 Lansing and 4612 Porter). Buyer must submit an application to purchase, including construction plans or precedent architectural images 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. BATVAI. Please see attached documents for DLBA requirements and offer submission information.
General Information
Sale Price: $35,000
Price/SqFt:
Status: Active
MLS#: 2210010609
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: wagner bros sub (plats)
Acres: 0.13
Lot Dimensions: 44.00X140.00
Size:
Acreage: 0.13 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E LANSING 25 WAGNER BROS SUB L8 P67 PLATS, W C R 16/112 43.73 X 139.96
