5277 Lenox Street
Detroit, MI 48213

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Description

Welcome to the latest offering from the Detroit Land Bank Authority. 2 buildable lots located in the chandler park area. This sale includes 5285 lenox as well. Both lots total approximately 7000 sqft of buildable space. 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: 48213
• School District: Detroit
• Lot Size: 3485 sq ft lot
• Directions: I-94 E to chalmers go south to South hampton go West to lenox
• List Price Acre: 125000
• Lot Size Area: 0.08
• Lot Size Square Feet: 3484.8
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W21I049946S
• Road Frontage: 20
• Street Type: Paved
• Tax Legal Description: W LENOX 138 PARKSIDE MANOR SUB L45 P53 PLATS, W C R 21/675 35 X 100