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$15,000
Est. payment /mo
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20261062029
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 60X66
Source Realcomp
Property Description
This vacant lot is bundled with 3105 18TH and 3099 18TH ST. totaling= 9,549 sqft. Not sold separately. All 3 lots=45K. Zoned R2. 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 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 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. BATVAI
Location
State MI
County Wayne
Zoning Residential
Direction TAKE MARTIN LUTHER KING JR BLVD HEADED EAST PASS THE JEFFRIES FWY SERVICE DR. MAKE RIGHT ONTO 18TH ST.
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID W10I000323S011L
Acceptable Financing Cash
Listing Terms Cash
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Listed by RCH Brokerage Legacy Inc
Nearby School & Business
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