Development opportunity located in the desirable Virginia Park Community. This property is within walking distance to local restaurants, coffee shops, and ongoing neighborhood redevelopment. Surrounded by revitalization and conveniently located near major corridors, this is an excellent opportunity for an investor or buyer looking to renovate, redevelop, or hold in… Read More a growing area. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Next Level Realty & Investments. [email protected] (734) 506-0076
Listing Snapshot
Days Online
72
Last Updated
Property Type
Residential
Beds
3
Full Baths
1
Square Ft.
1,196
Lot Size
0.09 Acres
Year Built
1915
MLS Number
20261001924
30 Days Snapshot Of 48206
$104k
-11%
(avg) sold price
16
0%
homes sold
90
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
1,196 total square feet, 1,196 combined square feet, 598 total basement square feet, Built in 1915, Architectural style: Colonial, 2 Story, Wood
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
No Garage, Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.09, Lot size dimensions: 30X127
Pool
Pool?: 0
Property
Property type: Residential
Taxes
Tax amount (summer): $38, Tax amount (winter): $0
Sewer
Sewer (Sewer-Sanitary)
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