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About This Home
This land at 5224 LINWOOD Street in Detroit, MI is listed for $49,500 (0.11 acres).
This great investment opportunity is located in a growing and vibrant community, located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Zoned for Residential and Multifamily projects. Lot size is 30x151.56. 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.
Key Features
- 0.11 acre lot
Location
5224 LINWOOD Street
Detroit, MI 48208
FORDS SUB (PLATS)
Questions & Answers
This 0-bedroom, 0-bathroom land at 5224 LINWOOD Street is listed at $49,500. The estimated monthly payment is $215 based on 20% down at 6.5% interest.
Key features include: 0.11 acre lot.
This property is listed by Natasha C Richards and can be reached at (248) 274-6614 or natasharichards@comcast.net.
