5
See all 5 photos
$39,900
Est. payment /mo
0.42 Acres Lot
Active
5173 WABASH Street Detroit, MI 48208 2035
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Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60288008
Style Vacant Land
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions irregular
Property Sub-Type Vacant Land
Property Description
Vacant Land located in the Woodbridge neighborhood. Addresses included in subject listing are: 5173 Wabash, 5167 Wabash, 5159 Wabash. Lots are each approximately .14 acres each. Total purchase price is $39,900. 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 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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Building
Water Public Water, Public Water at Street
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Realty-Great Lakes