300 Horton Street
Detroit, MI 48202

Description

Build your dream home or a multi-family development to suit. This opportunity is located near the Woodward corridor with convenient access to local businesses and institutions. The seller is the Detroit Land Bank Authority. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. 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 request 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.

Details

MLS#218078514
Sub-TypeResale
StatusActive
Days On Site161

Features

ZoningResidential
Acreage0.14

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48202
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48202)
Price:
$30,000
low | high
Med:
$100,000
100% of Average
On Site:
161
low | high
Med:
161
100% of Average
Listing Updated: 01/22/2019
MLS Number: 218078514
Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
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