About This Home

This land at 3525 PORTER Street in Detroit, MI is listed for $8,000 (0.06 acres).

Key Features

  • 0.06 acre lot
Listing Description

Great build opportunity located in the heart of Mexicantown, and close Detroit's Corktown, social district, and the newly renovated Ford train station. 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Location

3525 PORTER Street

Detroit, MI 48216

CATHERINE B HUBBARDS (PLATS)

Questions & Answers

This 0-bedroom, 0-bathroom land at 3525 PORTER Street is listed at $8,000. The estimated monthly payment is $42 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.06 acre lot.

This property is listed by Natasha C Richards.

NR

Natasha C Richards

Agent at Bellabay Realty Tri-Counties

Listed by Bellabay Realty Tri-Counties · Broker phone: (248) 274-6614 · View on Broker Site

MLS# 20240024432· Source: Realcomp Limited II· 927 days on PropertySimple

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3525 PORTER Street, Detroit, MI 48216

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