408 Marston , Detroit, MI 48202
Detroit, MI 48202
Description
Great opportunity for infill housing development. Located in a Opportunity Zone. 414 Marston, 8032,8036, 8042, 8048, & 8050 Brush. Totaling = 13,739 sqft. All 7 properties are sold for $40k. Not sold separately. 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.
Details
| MLS# | 40027098 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 1793 |
| Listing Provided By | RCH Brokerage Legacy Inc | Leonard Pickett |
Features
| Zoning | Residential |
|---|---|
| Acreage | 0.03 |
| Water Front | Yes |
Market Activity 48202
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48202 |
| Area | Detroit (82001) |
| Community Name | Atkinsons Sub Of Park Lot 6 (Plats) |
| School District | Detroit City School District |
| Listing VS Median (in Atkinsons Sub Of Park Lot 6 (Plats)) | |
Price: $5,218 low | high Med: $1,300 On Site: 1793 low | high Med: 124.000000 | |