Great opportunity for infill housing development. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. Note that the DLBA 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. BATVAI. See attached documents for DLBA requirements and offer submission
General Information
Sale Price: $20,000
Price/SqFt:
Status: Active
MLS#: 20240002508
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: plat of godfroy farm (plats)
Acres: 0.12
Lot Dimensions: 51 x 101
Size:
Acreage: 0.12 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: W WABASH E 90 FT 481 N 10 FT 480 PLAT OF GODFROY FARM L7 P55 PLATS, W C R 10/50 50.60 IRREG
