408 MARSTON
Detroit, MI 48202
0.03 acres | #2200012946
Description
Great opportunity for infill housing development. Located in a Opportunity Zone. 414 Marston, 8032,8036, 8042, 8048, & 8050 Brush. Totaling = 13,739 sqft. All 7 properties are sold for $40k. Not sold separately. 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
- SubdivisionATKINSONS SUB OF PARK LOT 6 (PLATS)
- Parcel NumberW01I002297S002L
- Property SubtypeUnimprovedLand
- Sewer InformationPublicSewer
- MLS #2200012946
- MLS #2200012946
- School DistrictDetroit
- Utility SourcePublic
- Original List Price$5,218
- CountyWayne
- Acres0.03
- Days on Market (Cumulative)1735
- Cost5218
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Leonard A Pickett III (#306589), Email: lpickettiii@rchlegacy.com
Listing Office: RCH Brokerage Legacy Inc (#350553)
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