Detroit, Wayne County, MI Undeveloped Land, Homesites for rent Property ID:

Gene Kelley II

This listing was posted on Gene Kelley II (via ListedBuy).

$3,299

Detroit, Wayne County, MI Undeveloped Land, Homesites for rent Property ID:

Price:

$3,299

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Location:

416 HARPER Avenue, Detroit, MI

Description:

Welcome to the latest offering from the Detroit Land Bank authority. Single buildable residential lot located in the Medbury subdivision. Bring your tools and your development ideas. 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 Copyright © 2023 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Get the best price at ListedBuy!

Property Type:

Industrial Property for Rent

Agent Name:

Gene Kelley II

Posted:

on ListedBuy