Thank you
Gene Kelley Ii
Real Estate One-Southfield
248-723-0055
Nearly a ¼ acre lot in Midtown with high-visibility and flexible zoning! This Detroit Land Bank Authority property is located between Cass and Second on the southside of MLK. Just minutes from Wayne State University, Little Caesars Arena, Brush Park and Downtown. The property is zoned SD2 with great development potential. 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.”
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Sewer: Public Sewer (Sewer-Sanitary)
Public (Municipal)
Lot Size: 0.22
Lot Dimensions: 50.00 x 190.00
Subdivision: CASS FARM L1 P172 PLATS
Financing: Cash,Quit Claims Deed
Original List Price: $290,000
Possession: At Close
Legal Description: S MYRTLE 9 BLK 87--PLAT PT CASS FARM L1 P172 PLATS, W C R 2/72 50 X 190SPLIT/COMBINED ON 12/20/2018 FROM 02000724., 02000725.;
Annual Tax: $4,710
Parcel Number: W02I000724C5
At Close
Legal Description: Section: S MYRTLE 9 BLK 87--PLAT PT CASS FARM L1 P172 PLATS, W C R 2/72 50 X 190SPLIT/COMBINED ON 12/20/2018 FROM 02000724., 02000725.;
Road Frontage: Paved
School District: Detroit
Water:Public (Municipal)
Sewer:Public Sewer (Sewer-Sanitary)
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
644 Martin Luther King .., Detroit, MI,48201 | $3,199,000 | 50 | 38 | 32,896 | 0.65 Acre |
260 Alfred Street , Detroit, MI,48201 | $1,293,900 | 3 | 2.5 | 2,250 | -- |
655 W Alexandrine Street , Detroit, MI,48201 | $499,000 | -- | -- | -- | 0.25 Acre |
3125 Brush Street #7, Detroit, MI,48201 | $739,000 | 2 | 2.5 | 1,909 | -- |
4150 4th Street , Detroit, MI,48201 | $699,500 | 2 | 2.5 | 1,464 | 0.08 Acre |
2939 Park Avenue , Detroit, MI,48201 | $1,200,000 | -- | -- | -- | 0.07 Acre |
4635 John R Street , Detroit, MI,48201 | $390,000 | 1 | 1 | 2,771 | 0.05 Acre |
3117 Brush #5, Detroit, MI,48201 | $759,000 | 2 | 2.5 | 1,909 | -- |
229 Edmund #2, Detroit, MI,48201 | $814,000 | 2 | 3.5 | 1,414 | -- |
4154 2nd Avenue #7, Detroit, MI,48201 | $549,500 | 3 | 2.5 | 1,623 | -- |
Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.
ByOwner last updated this listing 05/06/2024 @ 20:42
MLS: 604675946
LISTED BY: Gene Kelley II , Real Estate One-Southfield
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.