About This Home
This land at 885 E GRAND Boulevard in Detroit, MI is listed for $17,500 (0.27 acres).
Key Features
- 0.27 acre lot
Property zoned as R5. 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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs).
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. See attached documents for DLBA requirements and offer submission info. BATVAI Please see attached documents for DLBA requirements and offer submission information.
Location
885 E GRAND Boulevard
Detroit, MI 48207
ASSESSORS PLAT OF LOTS 1 TO 65 INCL PT 66 ETC
Questions & Answers
This 0-bedroom, 0-bathroom land at 885 E GRAND Boulevard is listed at $17,500. The estimated monthly payment is $93 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 0.27 acre lot.
This property is listed by Leonard A Pickett III and can be reached at 2484402268.
