Great opportunity for infill housing development. Zoned R2. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF, Pre-App letter, or new construction loan of the property. Projects will require approval of the Design Review from the city of Detroit. 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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
General Information
Sale Price: $22,500
Price/SqFt:
Status: Active
MLS#: rcomi20240073112
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: j w johnstons sub (plats)
Acres: 0.46
Lot Dimensions: 40X125
Size:
Acreage: 0.46 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E WILLIAMS W 78.86 FT ON S LINE BG W 37.44 FT ON N LINE OF LOTS 127 THRU 133 W 37.44 FT ON S LINE BG W 27.02 FT ON N LINE OF 134 W 27.02 FT ON S LINE BG W 6.16 FT ON N LINE OF LOTS 135 & 136J W JOHNSTONS SUB L1 P225 PLATS, W C R 12/43 19,680 SQ FT
