300 Horton Street
Detroit, MI 48202

Tools & Resources:

Description

Build your dream home or a multi-family development to suit. Zoned 3. This opportunity is located near the Woodward corridor with convenient access to local businesses and institutions. The seller is the Detroit Land Bank Authority. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. 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 request 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.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48202
• School District: Detroit
• Lot Size: 6098 sq ft lot
• Directions: TAKE WOODWARD HEADED NORTH PAST E. GRAND BLVD MAKE RIGHT ONTO HORTON
• List Price Acre: 171428.57
• Lot Size Area: 0.14
• Lot Size Square Feet: 6098.4
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W01I001977C8
• Road Frontage: 60
• Street Type: Paved
• Tax Legal Description: S HORTON 33 32 BAGGS SUB L8 P57 PLATS, W C R 1/101 60 X 100