$15,000

265 Horton Street

Detroit MI, 48202

Description

Build your dream home or a multi-family development to suit. This property is located in a Qualified Opportunity Zone. The seller is the Detroit Land Bank A uthority. 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. BATVAI

Details

MLS#219018077
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site448

Features

ZoningResidential
Acreage0.09

Market Activity 48202

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48202
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48202)
Price:
$15,000
low | high
Med:
$59,999
100% of Average
On Site:
448
low | high
Med:
252
100% of Average
Listing Updated: 05/28/2020
MLS Number: 219018077
Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
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