408 Marston
Detroit, MI 48202

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Description

Great opportunity for infill housing development. Located in a Opportunity Zone. 414 Marston, 8032,8036, 8042, 8048, & 8050 Brush. Totaling = 13,739 sqft. All 7 properties are sold for $40k. Not sold separately. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. Note that the DLBA 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. See attached documents for DLBA requirements and offer submission.

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: 1307 sq ft lot
• Directions: HEAD SOUTH ON WOODWARD PASS HOLBROOK AVE MAKE LEFT MARSTON DRIVE DOWN TO BRUSH CORNER LOTS
• List Price Acre: 173933.33
• Lot Size Area: 0.03
• Lot Size Square Feet: 1306.8
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: W01I002297S002L
• Street Type: Paved
• Tax Legal Description: S MARSTON W 17.26 FT OF E 38.11 FT OF N 67 FT 25 EXC E 2.55 FT OF N 48.30 FT W 3 FT OF E 41.11 FT OF N 33.80 FT 25 W 3.70 FT OF E 44.81 FT OF N 33.30 FT 25 ATKINSONS L8 P21 PLATS, W C R 1/107 21.41 IRREG