Description
Are you ready for an awesome build opportunity? 7 lots available for your vision include 2417 W. Edsel Ford Fwy, 5281 16th, 5275 16th, 5269 16th, 5263 16th, 5257 16th, 5251 16th. Lots cannot be sold separate. 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 Detroits 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing
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0.12ACRES
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01/2 BATHS
Description
Are you ready for an awesome build opportunity? 7 lots available for your vision include 2417 W. Edsel Ford Fwy, 5281 16th, 5275 16th, 5269 16th, 5263 16th, 5257 16th, 5251 16th. Lots cannot be sold separate. 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 Detroits 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing
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IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri Counties: (248) 274-6614 and Realcomp, ©2023 Realcomp II Ltd. Shareholders.