Great opportunity for infill housing development. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. 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. BATVAI. See attached documents for DLBA requirements and offer submission
Property Details
Price:
$20,000
MLS #:
20240002508
Status:
Active
Beds:
0
Baths:
0
Address:
5069 WABASH ST
Type:
Land
Subtype:
Unimproved Land
Subdivision:
PLAT OF GODFROY FARM PLATS
Neighborhood:
05043 – Det: Livernois-I75 6-Gd River
City:
Detroit
Listed Date:
Jan 21, 2025
State:
MI
ZIP:
48208
Lot Size:
5,227 sqft / 0.12 acres (approx)
See this Listing
I’m a first-generation American with Italian roots. My journey combines family, real estate, and the American dream. Raised in a loving home, I embraced my Italian heritage and studied in Italy before returning to the US. As a mother of four, married for 30 years, my joy is family time. Real estate runs in my blood, inspired by my parents’ success in the industry. I earned my real estate license at 18, learned from a mentor at Century 21, and continued to grow at Remax. In 2022, I became the…
More About LiaMortgage Calculator
Schools
School District:
Detroit
Interior
Exterior
Financial
Map
Community
- Address5069 WABASH ST Detroit MI
- SubdivisionPLAT OF GODFROY FARM (PLATS)
- CityDetroit
- CountyWayne
- Zip Code48208
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