Welcome to the latest offering from the Detroit Land Bank Authority. 4 buildable lots in the quickly growing islandview neighborhood. The lots are surrounded by a swath of new construction waiting for your development ideas. The sale includes 1774, 1768 and 1762 Townsend. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. More specifically they would like to see small scale multi-families and duplexes. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
General Information
Sale Price: $40,502
Price/SqFt:
Status: Active
MLS#: 20230083441
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: moses w fields sub l8 p37 (plats)
Acres: 0.14
Lot Dimensions: 60 x 100
Size:
Acreage: 0.14 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E TOWNSEND 354 & 355MOSES W FIELDS SUB L8 P37 PLATS, W C R 17/40 60 X 100
