8647 SCHAEFER Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48228
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision More Than One Legal Involved
MLS Listing ID 20230047680
Originating Board Realcomp II Ltd
Lot Size 0.820 Acres
Acres 0.82
Lot Dimensions 360.00 x 99.00
Property Description
This property is zoned R3.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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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. Please see attached documents for DLBA guidelines.
Location
State MI
County Wayne
Area Det 6-Tire - Grnfld - Livernois
Zoning Residential
Direction HEAD WEST ON JOY RD PASS MEYERS, MAKE LEFT ONTO SCHAEFER. PROPERTY ON THE RIGHT SIDE.
Exterior
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID W22I031157C72
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash