Vacant Lot - New Build Opportunity. Purchaser must submit a development plan that includes scope of development (number of units and total square footage), development cost estimates, proof of funds, and architectural drawings or precedent architecture images. Incomplete proposals will not be considered. 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 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. Contact agent for additional details.
Details
MLS #
219033839
Listing Type
For Sale
Sub-Type
Resale
Status
Pending
Days On Site
2719
Listing Provided By
Premier Property Services LLC | James Bufalino
Features
Zoning
Residential
Acreage
0.08
Water Front
Yes
Area Information
State
MI
County
Wayne
City
Detroit
Zip Code
48216
Area
Det South Of Grand River
Community Name
WOODBRIDGE FARM RESUB OF LOTS 28 29 & 30
School District
Detroit
High School
Detroit
Sourced by Back At You
MLS Number: 219033839
James Bufalino – (313) 806-1303 – james@ppsam.com
Premier Property Services LLC – (313) 822-9000
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