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$ 24,800
Est. payment /mo
Pending
1588 ELM Detroit, MI 48216
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Plat Of Pc 27 Lognon Farm (Plats)
MLS Listing ID 219033821
Property Description
Vacant Lot - New Build Opportunity. Purchaser must submit a development plan that includes scope of development (number of units and total square footage), development cost estimates, proof of funds, and architectural drawings or precedent architecture images. Incomplete proposals will not be considered. 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 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. Contact agent for additional details.
Location
State MI
County Wayne
Area Area05101Detsouthofgrandriver
Exterior
View Y/N No
Building
Sewer SewerAtStreet
Water WateratStreet
Schools
School District Detroit
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by James Bufalino of Premier Property Services LLC
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