$40,000 Price Analysis 570 Concord StDetroit, MI 48207 Unknown bed 0 bath unknown SqFt ($0/SqFt) 3,920SqFt lot. Listed 2023-03-25 | Ⓧ USDA Ineligible due to property near Detroit |
Mid size vacant lot perfect for your development ideas. Sale also includes 566 Concord. 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 Neighbor hood 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 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 t 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
Presented by GENE KELLEY at
Real Estate One Southfield.
Property MLS #20230021668 from Realcomp
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.