5658 Talbot Street, Hamtramck, MI 48212

Property Description

Great build opportunity on the border of Hamtramck. Addresses include 5658 (60x100) 5690 Talbot (47x49) 5680 Talbot (30x100), 5650 Talbot (30x100), 5644 Talbot (30x100), 5642 Talbot (30x100) and 5632 Talbot (30x100). BUILDING SHOULD DEFINE SPACE IN MEANINGFUL WAY. BUILDING SHOULD BE DESIGNED TO COMPLEMENT COMMUNITY.PROVIDE A DIVERSE RESIDENTIAL STOCK AND DENSITY AT A VARIETY OF PROCEDURE OF PRICES POINTS, OWNERSHIP TYPES(I.E.RENT,OWN),HOUSING TYPES. DENSITIES SHALL SUPPORT OPPORTUNITIES FOR NEIGHBORHOOD COMMERICAL INVESTMENTS & JOBS CREATION, STIMULATING GROWTH IN LOCAL ECONOMY. 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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.SEE ADDITIONAL ATTACHED DOCS

Listing Status:

Pending

Date Added:

April 17, 2024 at 05:00AM

Listing Office:

Bellabay Realty Tri Counties : 248-274-6614

Listing Agent:

Natasha Richards : 313-204-0310

MLS ID:

60301137

Location

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

Lot

• Zoning: S TALBOT 16 & 17 THE J L HUDSON COMPANY SUB L32 P38 PLATSW C R 13/213 60 X 100

Utilities

• Water: Public
• Sewer: Public Sanitary

Financial

• Source: MiRealSource

This listing courtesy of Natasha Richards, Bellabay Realty Tri Counties