2504 Townsend Street
Detroit, MI 48214

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Description

Welcome to the latest offering from the Detroit Land Bank Authority. 7 Buildable lots just waiting for your development ideas. 2510, 2516, 2524, 2534,2542,2546 Townsend included in the sale. 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.The DLBA would like to see Single family, two family, duplexes, townhomes, and small scale multi-family. 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48214
• School District: Detroit
• Lot Size: 3049 sq ft lot
• Directions: East grand blvd south to Charlevoix go east to Townsend go south
• List Price Acre: 177971.43
• Lot Size Area: 0.07
• Lot Size Square Feet: 3049.2
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 17011902.
• Road Frontage: 30
• Street Type: Paved
• Tax Legal Description: E TOWNSEND 129 BLVD PARK SUB L23 P21 PLATS, W C R 17/65 30 X 100