5201 Stanton Street
Detroit, MI 48208

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Description

Check out this latest offering from the Detroit Land Bank Authority located at Grand River and I-94. This TWO lot bundle is conveniently located in Woodbridge neighborhood near expressways making commutes to work or downtown easy. 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. THIS BUNDLE INCLUDES 5201 STANTON AND 2524 MERRICK AND MUST BE PURCHASED TOGETHER. TOTAL LISTING PRICE IS $18,500.00.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48208
• Subdivision/Neighborhood: Stantons Sub Pt Of Pc 47 3 N Of Grand River
• School District: Detroit
• Lot Size: 5227 sq ft lot
• Directions: North of Warren Avenue, West of Grand River
• List Price Acre: 154166.67
• Lot Size Area: 0.12
• Lot Size Square Feet: 5227
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W10I006925S
• Road Frontage: 54
• Tax Annual Amount: 47
• Tax Legal Description: W STANTON S 18 FT OF E 100 FT OF 863 E 100 FT OF 862STANTONS SUB L16 P26 PLATS, WCR 10/47 54 X 100