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1157 Edison Street

Detroit, MI 48202
  • $40,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 24014202
UPDATED: 147 min ago
$40,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

School District:

Description

Great investment opportunity located in the Boston/Edison district and close to Henry Ford Hospital, Wayne State Univ., Midtown, & Minutes from Downtown. Lot is 40x133.50 and ready for your dream home! Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please 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.

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-06-12T10:58:41.033.
www.c21choward.com/homes/148887865
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1157 Edison Street Detroit, MI 48202

  • Price: $40,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 147 min ago
  • MLS #: 24014202
0
Beds
0
Baths
0
½ Baths
0.12
Acres
Neighborhood:
Detroit City
County:
Wayne
School District:
Detroit
Property Description
Great investment opportunity located in the Boston/Edison district and close to Henry Ford Hospital, Wayne State Univ., Midtown, & Minutes from Downtown. Lot is 40x133.50 and ready for your dream home! Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please 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.
Exterior Features

Water Access YN No Waterfront YN No

Property Features

Auction Or For Sale For Sale Cross Street S. of ChicagoW. of Lodge Fwy Documents Available [] Listing Terms Cash Property Sub Type Lot Tax Annual Amount 0 Tax Year 0 Utilities None ConnectedPublic Water AvailablePublic Sewer AvailableNatural Gas AvailableElectric Available

Listing provided courtesy of Natasha Richards of BellaBay Realty Tri-Counties: 248-274-6614. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-06-12T10:58:41.033.
 
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