This property is zoned R3.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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). Note that 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 abatement 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 abatement on the purchase and development financing. See attached documents for DLBA requirements and offer submission info. BATVAI Please see attached documents for DLBA requirements and offer submission information.
General Information
Sale Price: $25,000
Price/SqFt:
Status: Active
MLS#: rcomi20240027404
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: robert oakmans stonehouse sub (plats)
Acres: 0.43
Lot Dimensions: 148 x 126
Size:
Acreage: 0.43 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: S ELMHURST 79 THRU 85 E 10 FT 86 ROBERT OAKMANS STONEHOUSE SUB L32 P64 PLATS, W C R 10/125 148.26 IRREG
