$ 20,415
4293 16TH Street Detroit, MI 48208
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$ 20,415
Est. payment | /mo
3,484 Sqft Lot
$ 20,415
Est. payment | /mo
3,484 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Sub Of Pc 44 (Also Pg 3) (Deeds)
MLS Listing ID 20230021685
Originating Board Realcomp II Ltd
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 29.00 x 120.00
Property Description
Welcome to the latest offering from the Detroit Land Bank authority. Vacant buildable lot in the Cork Town area. 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 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
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
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Residential
Direction I-94 e to W. Grand river ave go south to Buchanan, go west to 16th st
Exterior
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID W10I006361S
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash, Quit Claims Deed
Listing Terms Cash, Quit Claims Deed
Financing Cash,Quit Claims Deed
©2024 Realcomp II Ltd. Shareholders
Listed by Gene Kelley II of Real Estate One-Southfield