Great infill opportunity in Detroit's bustling North End neighborhood. Includes a total of 4 lots. 297, 307, 315 and 323 King.The DLBA is seeking proposals 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 recommend reviewing relevant neighborhood framework plans from the City of Detroit's Planning and Development Dept. for additional context about the neighborhood. 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
General Information
Sale Price: $53,000
Price/SqFt:
Status: Active
MLS#: rcomi20240024982
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: jos r mc laughlins (plats )
Acres: 0.1
Lot Dimensions: 38 x 114
Size:
Acreage: 0.1 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: N KING E 15 FT 68 W 23 FT 69 JOS R MCLAUGHLINS L16 P77 PLATS, W C R 1/115 38 X 114.44
