1231 24th Street
Detroit, MI 48216

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Description

Check out this latest offering from the Detroit Land Bank Authority located in Mexicantown This lot is conveniently located 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.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48216
• Subdivision/Neighborhood: Catherine B Hubbards (Plats)
• School District: Detroit
• Lot Size: 10019 sq ft lot
• Directions: N of I75, W of Grand Blvd
• List Price Acre: 65217.39
• Lot Size Area: 0.23
• Lot Size Square Feet: 10019
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W12I009077S
• Road Frontage: 60
• Tax Annual Amount: 40
• Tax Legal Description: W 24TH 10 CATHERINE B HUBBARDS SUB L4 P16 PLATS, W C R 12/24 60 X 168