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About This Home
This land at 5780 Garland Street in Detroit, MI is listed for $20,000 (0.10 acres).
Investment opportunity in West End! This bundle includes two properties at 5784 Garland and 5780 Garland for a total of $20,000. 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 the 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
- 0.10 acre lot
Location
5780 Garland Street
Detroit, MI 48213
Gratiot Ave Land Cos Sub
Questions & Answers
This 0-bedroom, 0-bathroom land at 5780 Garland Street is listed at $20,000. The estimated monthly payment is $87 based on 20% down at 6.5% interest.
Key features include: 0.10 acre lot.
This property is listed by Erick Monzo and can be reached at (586) 541-4000 or erick@monzogroup.com.
