1508 Gray Street
Detroit, MI 48215

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Description

This property is sold in a bundle with 4 vacant lots 1528, 1514, 1522 Gray and 12905 Brooks totaling 20,128 sqft. Not sold separately. All lots sold together for 30k. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. Also include plans for the vacant lots with sketches and financing. 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. See attached documents for guidelines and submission instructions. BATVAI

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48215
• Subdivision/Neighborhood: Sterling Park (Plats)
• School District: Detroit
• Lot Size: 3485 sq ft lot
• Directions: Take Jefferson Ave headed East pass Conner. Make left onto Gray.
• List Price Acre: 75000
• Lot Size Area: 0.08
• Lot Size Square Feet: 3485
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 21048453.
• Road Frontage: 30
• Tax Legal Description: E GRAY 154 STERLING PARK SUB L27 P61 PLATS, W C R 21/310 30 X 122.24