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About This Home
This land at 1508 GRAY Street in Detroit, MI is listed for $6,000 (0.08 acres).
This property is sold in a bundle with 4 vacant lots 1528, 1514, 1522 Gray and 12905 Brooks totaling 20,128 sqft. Not sold separately. All lots sold together for 30k. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan.
Also include plans for the vacant lots with sketches and financing. 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 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. See attached documents for guidelines and submission instructions. BATVAI
Key Features
- 0.08 acre lot
Location
1508 GRAY Street
Detroit, MI 48215
STERLING PARK (PLATS)
Questions & Answers
This 0-bedroom, 0-bathroom land at 1508 GRAY Street is listed at $6,000. The estimated monthly payment is $26 based on 20% down at 6.5% interest.
Key features include: 0.08 acre lot.
This property is listed by Leonard A Pickett III and can be reached at (248) 440-2268 or lpickettiii@rchlegacy.com.
