Get in on the latest offering from the Detroit Land Bank authority located in the Elijah McCoy Subdivision. This is a residential infill opportunity located in a thriving community. 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
General Information
Sale Price: $6,500
Price/SqFt:
Status: Active
MLS#: rcomi20240071561
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: mc millans jas edensor
Acres: 0.09
Lot Dimensions: 64 x 60
Size:
Acreage: 0.09 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: N MC GRAW W 63.80 FT 7-8 JAMES MC MILLANS EDENSOR SUB L19 P96 PLATS, W C R 8/102 63.8 X 60
