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About This Home
This land at 227 BELMONT Street in Detroit, MI is listed for $19,220 (0.10 acres).
Welcome to the latest offering from the Detroit Land Bank Authority. 3 buildable lots in the Greater Northend "Gateway" community. Sale includes, 219 and 231 Belmont for approximately 13,000 sqft of buildable area. This area is subject to guidelines of the neighborhood study to help bolster inclusive projects and diverse community participation.
.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
Key Features
- 0.10 acre lot
Location
227 BELMONT Street
Detroit, MI 48202
MOORE HODGES & WARRENS SUB (PLATS)
Questions & Answers
This 0-bedroom, 0-bathroom land at 227 BELMONT Street is listed at $19,220. The estimated monthly payment is $83 based on 20% down at 6.5% interest.
Key features include: 0.10 acre lot.
This property is listed by Gene Kelley II and can be reached at (248) 304-6700 or kelleygroup17@gmail.com.
