1944 Putnam Street
Detroit, MI 48208

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Description

4 Vacant Land parcels located in the Woodbridge neighborhood. Addresses included in subject listing are: 1944 Putnam, 5104 Vermont, 5114 Vermont, & 5120 Vermont. Lots average .10 acres each. Total purchase price is $25,000. The average new rowhouse development going for an average of $350K. 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. 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.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48208
• School District: Detroit
• Lot Size: 12197 sq ft lot
• Directions: S of 94, W of Rosa Parks Blvd
• List Price Acre: 89285.71
• Lot Size Area: 0.28
• Lot Size Square Feet: 12196.8
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W08I001407S
• Road Frontage: 55
• Street Type: Paved
• Tax Legal Description: N PUTNAM S 65 FT OF E 55 FT O L 10 SUB OF THE LAFERTY FARM L1 P230 PLATS, W C R 8/58 55 X 65