Detroit, MI 48207
MLS# 20230082497
Welcome to the latest offering from the Detroit Land bank Authority. 14 vacant lots just minutes from downtown Detroit ready for your development ideas. Sale includes: 2650,2698,2692,2686,2680,2674,2668,2662,2656,2646,2636,2632 and 2640 Hunt.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 recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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
Listed by Gene Kelley · Real Estate One-Southfield
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$814/mo
$32,193 down · $128,771 financed
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
27 photosActive11684 Prest Street, Detroit, MI 48227
Detroit, MI 48227
3 bd · 1 ba · 1,355 sqft
16 photosActive1561 Webb Street, Detroit, MI 48206
Detroit, MI 48206
Commercial · 8,648 sqft
20 photosActive22482 W McNichols Road, Detroit, MI 48219
Detroit, MI 48219
3 bd · 2 ba · 1,856 sqft