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About This Home
This land at 690 W PHILADELPHIA Street in Detroit, MI is listed for $34,000 (0.20 acres).
Great property for infill building located in Detroit's Piety Hill neighborhood. This property is within walking distance to the Q-Line and New Center Area. It is also in close proximity Henry Ford Hospital.Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on a new construction loan.
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. BATVAI. See attached documents for DLBA requirements and offer submission information.
Key Features
- 0.20 acre lot
Location
690 W PHILADELPHIA Street
Detroit, MI 48202
SMITHS SUB
Questions & Answers
This 0-bedroom, 0-bathroom land at 690 W PHILADELPHIA Street is listed at $34,000. The estimated monthly payment is $147 based on 20% down at 6.5% interest.
Key features include: 0.20 acre lot.
This property is listed by Leonard A Pickett III and can be reached at (248) 440-2268 or lpickettiii@rchlegacy.com.
