This property is zoned R3.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. Interested buyers should consult DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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. BATVAI. Please see attached documents for DLBA guidelines.
General Information
Sale Price: $71,164
Price/SqFt:
Status: Active
MLS#: 20230047680
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: more than one legal involved
Acres: 0.82
Lot Dimensions: 360.00 x 99.00
Size:
Acreage: 0.82 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: W SCHAEFER S 40 FT OF 122.75 FT 4ROBERT M GRINDLEYS SUB NO.6 OF LITTLE FARMS L31 P13 PLATS, W C R 22/548 1 THRU 8RESUB OF PT LOTS 5 & 6 ROBERT M GRINDLEYS SUB NO.6 L64 P21 PLATS, W C R 22/687 8 THRU 1MC NAUGHTONS SUB L56 P26 PLATS, W C R 22/549 360 IRREG
