4293 16TH Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48208
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
Lot Size 3,484 Sqft
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
Location
State MI
County Wayne
Area Det South Of Grand River
Zoning Residential
Exterior
Waterfront no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Acceptable Financing Cash,Quit Claims Deed
Listing Terms Cash,Quit Claims Deed