2363 Elmhurst Street
Detroit, MI 48206

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Description

Two property deal. Sold with 2373 Elmhurst. Both lots total 16,401 sqft. Property zoned as R3. 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.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48206
• School District: Detroit
• Lot Size: 3920 sq ft lot
• Directions: TAKE CHICAGO HEADED EAST PASS DEXTER. MAKE LEFT ONTO LINWOOD. MAKE RIGHT ONTO ELMHURST.
• List Price Acre: 266666.67
• Lot Size Area: 0.09
• Lot Size Square Feet: 3920.4
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 08003549.
• Road Frontage: 30
• Street Type: Paved
• Tax Legal Description: S ELMHURST W 10 FT 72 73 R OAKMANS STONEHOUSE SUB L32 P64 PLATS, W C R 8/178 30 X 126.75A