$10,000
$10,000
Est. payment /mo
3,049 Sqft Lot
UPDATED:
Key Details
Sold Price $10,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Grosfield & Schultes Sub Of Lots 528 & 529
MLS Listing ID 20240024449
Lot Size 3,049 Sqft
Property Description
New Development Opportunity close to Corktown, transportation, freeways and future major developing areas. 9 lots are included in the sale, 4420, 4426, 4432, 4438, 4444, 4450, 4456, 4462 25th. Sale contingent on buyer/seller executed development agreement. 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 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.
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Multi-Family,Residential
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Acceptable Financing Cash
Listing Terms Cash
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Listed by Natasha C Richards of Bellabay Realty Tri Counties
Bought with Bellabay Realty Tri Counties
Bought with Bellabay Realty Tri Counties