$ 138,562
5266 LINWOOD Street Detroit, MI 48208
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$ 138,562
Est. payment | /mo
6,098 Sqft Lot
$ 138,562
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Subdivision Mc Carthys Sub (Plats)
MLS Listing ID 20230083451
Originating Board Realcomp II Ltd
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 41 x 152
Property Description
Welcome to the latest offering from the Detroit Land Bank Authority. 6 Buildable lots waiting for your development ideas. Located just a stones throw from New Center Area, this sale includes 2541 Edsel Ford, 5286, 5282, 5278,and 5274 Linwood. 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 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.
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 Det: Livernois-I75 6-Gd River
Zoning Residential
Direction linwood south past I. 94 east side of street
Exterior
Waterfront no
Road Frontage Paved
Building
Sewer Sewer at Street
Water Water at Street
Schools
School District Detroit
Others
Tax ID 10007352.
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash, Quit Claims Deed
Listing Terms Cash, Quit Claims Deed
Financing Cash,Quit Claims Deed
©2024 Realcomp II Ltd. Shareholders
Listed by Gene Kelley II of Real Estate One-Southfield
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Ben Lang
REALTOR®, Associate-Broker | Lic# 6502433047