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About This Home
This land at 5122 WABASH Street in Detroit, MI is listed for $35,000 (0.14 acres).
This vacant lot is bundled with 5108, 5118,5130, 5142 Wabash, and 2040, 2038 Putnam. A total of 7 lots. Not sold separately. Totaling= 20,984 sqft. 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 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. BATVAI
Key Features
- 0.14 acre lot
Location
5122 WABASH Street
Detroit, MI 48208
CANDLERS SUB OF BLOCKS 3 THRU 11
Questions & Answers
This 0-bedroom, 0-bathroom land at 5122 WABASH Street is listed at $35,000. The estimated monthly payment is $152 based on 20% down at 6.5% interest.
Key features include: 0.14 acre lot.
This property is listed by Leonard A Pickett III and can be reached at (248) 440-2268 or lpickettiii@rchlegacy.com.
