$ 10,500
2225 W PHILADELPHIA Street Detroit, MI 48206
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$ 10,500
Est. payment /mo
Active
2225 W PHILADELPHIA Street Detroit, MI 48206
0.31 Acres Lot
UPDATED:
09/03/2024 10:55 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Austins (Plats)
MLS Listing ID 20230031040
Originating Board Realcomp II Ltd
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 105 x 128
Property Description
Large vacant lot in the Virginia Park Community. Close to expressways and Downtown Detroit! This bundle includes 2247 W Philadelphia
2225 W Philadelphia, and 2237 W Philadelphia. Must be sold together. Total price is 17,500. 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 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.
2225 W Philadelphia, and 2237 W Philadelphia. Must be sold together. Total price is 17,500. 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 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.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Residential
Direction South of Clairmount ave and West of 14th St
Exterior
Waterfront no
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID 10001748.
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes