5574 Talbot Street
Hamtramck, MI 48212

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Description

Welcome to the latest offering from the Detroit Land Bank Authority. 2 vacant buildable lots located in the buffalo/charles subdivision. Sale includes 5566 Talbot. This gives you over 6000 sqft of buildable area. Bring your design ideas and your hard hat and lets get to work. The DLBA is seeking proposals for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walk ability. Interested buyers should consult our 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. 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48212
• Subdivision/Neighborhood: The J L Hudson Company (Plats)
• School District: Hamtramck
• Lot Size: 3049 sq ft lot
• Directions: Mcnichols East to mound go south to Talbot
• List Price Acre: 142857.14
• 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: 13005972.
• Road Frontage: 30
• Tax Legal Description: S TALBOT 31 THE J L HUDSON COMPANY L32 P38 PLATS, W C R 13/213 30 X 100
• Township: Hamtramck City