Welcome to the latest offering from the Detroit land Bank Authority. Single large corner lot ready for your infill development ideas. Almost 10,000 sqft. of buildable area suitable for multifamily development. 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 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.
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Zillow last checked:
Listing updated:
Listed by:
Gene Kelley II248-723-0055,
Real Estate One-Southfield248-723-0055
Source: Realcomp II,MLS#: 20240006159
Facts & features
Interior
Features
Has basement: No
Has fireplace: No
Property
Lot
Size: 9,147 Square Feet
Dimensions: 83.00 x 111.00
Details
Parcel number: W12I002943S
Zoning description: MultiFamily, Residential
Special conditions: Government Owned,Short Sale No
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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