Great residential infill opportunity that includes two parcels; 5964 & 5976 Wabash, located close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, Wayne State University, and future major developing areas. The total price for all lots are $28,000. 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.
Details
MLS #
20250023902
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Days On Site
540
Listing Provided By
Bellabay Realty Tri Counties | Natasha C Richards
Features
Zoning
Residential
Acreage
0.18
Water Front
Yes
Interior
Cooling Yes / No
No
Heating Yes / No
No
Parking
Attached Garage Yes / No
No
Taxes
Tax Annual Amount
0
Area Information
State
MI
County
Wayne
City
Detroit
Zip Code
48208
Area
Det Livernois I
Community Name
CANDLERS SUB (PLATS)
School District
Detroit
High School
Detroit
Sourced by Back At You
MLS Number: 20250023902
Natasha C Richards – (248) 274-6614 – natasharichards@comcast.net
Bellabay Realty Tri Counties – (248) 274-6614
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MLS Number: 20250023902
Natasha C Richards – (248) 274-6614 – natasharichards@comcast.net
