This property is sold in a bundle with 4 vacant lots 1528, 1514, 1508 Gray and 12905 Brooks totaling 20,128 sqft. Not sold separately. All lots sold together for 30k. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. Also include plans for the vacant lots with sketches and financing. 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. See attached documents for guidelines and submission instructions. BATVAI
General Information
Sale Price: $6,000
Price/SqFt:
Status: Active
MLS#: 20250036698
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: sterling park (plats)
Acres: 0.08
Lot Dimensions: 30 x 122
Size:
Acreage: 0.08 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E GRAY 156 STERLING PARK SUB L27 P61 PLATS, W C R 21/310 30 X 122.24
