Courtesy of: Natasha C Richards | | Bellabay Realty Tri Counties |
Purchase Type: Sale
MLS ID: 2210010562
Lot size: 0.07
Property Type: Vacant Land
Swimming Pool: No
Has Waterfront: No
School District: Detroit
Address: 4414 25TH Street
Neighborhood: Grosfield & Schultes Sub Of Lots 528 & 529
New Development Opportunity close to Corktown, transportation, freeways and future major developing areas. 9 lots are included in the sale, 4420, 4426, 4432, 4438, 4444, 4450, 4456, 4462 25th. Sale contingent on buyer/seller executed development agreement. 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 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.
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