Detroit, MI 48208
MLS# 20261059245
Welcome to the latest offering from the Detroit Land Bank Authority. 2 buildable lots in the New Center Area just a mere stones throw from Henry Ford Hospital and the Motown Museum. Bring your design ideas and build your dream home with over 7500 sqft to work with. Sale includes 6218 Rosa parks as well. 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 walk ability. 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.
$46/mo
$1,800 down · $7,200 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.
