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$ 12,458
Est. payment /mo
Pending
2504 TOWNSEND ST Detroitcity_wayne, MI 48214
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type UnimprovedLand
Listing Status Pending
Purchase Type For Sale
Subdivision Boulevard Park Sub (Plats )
MLS Listing ID 20230101177
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type UnimprovedLand
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. 7 Buildable lots just waiting for your development ideas. 2510, 2516, 2524, 2534,2542,2546 Townsend included in the sale. 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.
The DLBA would like to see Single family, two family, duplexes, townhomes, and small scale multi-family.
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 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. Please refer to DLBA proposal guidelines.
The DLBA would like to see Single family, two family, duplexes, townhomes, and small scale multi-family.
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 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. Please refer to DLBA proposal guidelines.
Location
State MI
County Wayne
Area Area05053Detwoodwardmcclellansomack
Interior
Fireplace No
Exterior
View Y/N No
Building
Sewer Public Sewer
Water WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, QuitClaimsDeed
Listing Terms Cash, QuitClaimsDeed
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Gene Kelley II of Real Estate One-Southfield
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