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5224 Linwood Street

Detroit, MI 48208
  • $49,500
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 24014207
UPDATED: 193 min ago
$49,500
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

School District:

Description

This great investment opportunity is located in a growing and vibrant community, located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Zoned for Residential and Multifamily projects. Lot size is 30x151.56. 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 DLBA 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.

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-05-18T15:56:07.823.
www.mulderteam.com/homes/148887867
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5224 Linwood Street Detroit, MI 48208

  • Price: $49,500
  • Status: Active
  • On Site: 53 Days
  • Updated: 193 min ago
  • MLS #: 24014207
0
Beds
0
Baths
0
½ Baths
0.1
Acres
Neighborhood:
Detroit City
County:
Wayne
School District:
Detroit
Property Description
This great investment opportunity is located in a growing and vibrant community, located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Zoned for Residential and Multifamily projects. Lot size is 30x151.56. 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 DLBA 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.
Exterior Features

Water Access YN No Waterfront YN No

Property Features

Auction Or For Sale For Sale Cross Street Grand River & I-94 Documents Available [] Listing Terms Cash Property Sub Type Lot Tax Annual Amount 0 Tax Year 0 Utilities None ConnectedPublic Water AvailablePublic Sewer AvailableNatural Gas AvailableElectric Available Zoning Residential R2

Listing provided courtesy of Natasha Richards of BellaBay Realty Tri-Counties: 248-274-6614. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-05-18T15:56:07.823.
 
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