408 MARSTON
DETROIT, MI 48202
#2200012946
Description
GREAT OPPORTUNITY FOR INFILL HOUSING DEVELOPMENT.LOCATED IN A OPPORTUNITY ZONE.BUYER MUST SUBMIT AN APP TO PURCHASE,INCLUDING CONSTRUCTION PLANS OR PRECEDENT ARCHITECTURAL IMAGES OF PROPOSED DEVELOPMENT & FINANCING PLAN W/ POF OR PRE-APP LETTER ON A NEW CONSTRUCTION LOAN.ALL 7 PROPERTIES ARE SOLD FOR $40,000 TOTAL.NOT SOLD SEPARATELY .414 MARSTON, 8032,8036, 8042, 8048, & 8050 BRUSH ARE INCLUDED IN THIS DEAL.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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING .PLEASE SEE ATTACHED DLBA REQUIREMENTS. BATVI
Construction Details
Type & Style
- Property type:Purchase
Community and Neighborhood Details
Location
- School district:Detroit
- County:Wayne
- Region:Detroit
Other
Source
- MLS #:2200012946
Location
Legal
Notice: This listing provided courtesy of Realcomp IDX (REALCOMP). The information contained in this listings has not been verified by us or the MLS and should be verified by the parties interested.
Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Leonard A Pickett III (#306589)
Listing Office: RCH Brokerage Legacy Inc (#350553)
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