This property is sold as a bundle of 8 with 948, 952, 966, 970, 978, 984, and 994 Kitchener totaling= 25,490 sqft. Not sold separately. Asking 50k for all 8 lots. Property zoned PD. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-App letter, or new construction loan. Projects will require approval of the Design Review from the city of Detroit. 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. BATVAI. Please see attached documents for DLBA guidelines and submission instructions.
General Information
Sale Price: $6,250
Price/SqFt:
Status: Active
MLS#: 20250027862
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: st clair park (plats)
Acres: 0.07
Lot Dimensions: 30 x 100
Size:
Acreage: 0.07 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E KITCHENER 250 ST CLAIR PARK SUB L27 P90 PLATS, W C R 21/291 30 X 100
