300 Horton Street, Detroit, MI 48202

Property Description

Build your dream home or a multi-family development to suit. 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.

Listing Status:

Pending

Listing Office:

RCH Brokerage Legacy Inc : 248-440-2268

Listing Agent:

Leonard Pickett : 313-510-7887

MLS ID:

21491893

Location

• Road/Access: Paved
• Originating MLS: MiRealSource
• School District: Detroit City School District
• County: Wayne

Lot

• Zoning: S HORTON 33 32 BAGGS SUB L8 P57 PLATSW C R 1/101 60 X 100

Utilities

• Water: Public
• Sewer: Public Sanitary

Financial

• Source: MiRealSource

This listing courtesy of Leonard Pickett, RCH Brokerage Legacy Inc