13430 Fenkell Street
Detroit, MI 48227

Tools & Resources:

Description

Property zoned as B2. 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: 48227
• School District: Detroit
• Lot Size: 8712 sq ft lot
• Directions: TAKE FENKELL HEADED EAST PASS SCHAFER. PROPERTY ON THE LEFT SIDE ON THE CORNER OF FENKELL AND HARTWELL.
• List Price Acre: 50000
• Lot Size Area: 0.2
• Lot Size Square Feet: 8712
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 220115024
• Road Frontage: 86
• Street Type: Paved
• Tax Legal Description: N FENKELL 27 THRU 24 GLENCRAFT SUB L35 P50 PLATS, W C R 22/113 86 X 100