948 Kitchener Street
Detroit, MI 48215

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Description

This property is sold as a bundle of 8 with 952, 958, 966, 970, 978, 984, and 994 Kitchener totaling 25,490 sqft. Not sold separately. Asking 50k for all 8 lots. Property zoned PD. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-App letter, or new construction loan. Projects will require approval of the Design Review from the city of Detroit. Please note that the Detroit Land Bank Authority 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. BATVAI. Please see attached documents for DLBA guidelines and submission instructions.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48215
• Subdivision/Neighborhood: St Clair Park (Plats)
• School District: Detroit
• Lot Size: 3049 sq ft lot
• Directions: Take Jefferson Ave headed East. Pass Conner. Make right onto Kitchener
• List Price Acre: 89285.71
• Lot Size Area: 0.07
• Lot Size Square Feet: 3049
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 21047965.
• Road Frontage: 30
• Tax Legal Description: E KITCHENER 248 ST CLAIR PARK SUB L27 P90 PLATS, W C R 21/291 30 X 100