$71,164
8647 SCHAEFER Detroit, MI 48228 5706
Save Share
Schedule a Tour
5
See all 5 photos
$71,164
Est. payment /mo
0.82 Acres Lot
Active
8647 SCHAEFER Detroit, MI 48228 5706
UPDATED:
06/03/2024 06:08 PM
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60229308
Style Vacant Land
Lot Size 0.820 Acres
Acres 0.82
Lot Dimensions 360.00 x 99.00
Property Description
This property is zoned R3.The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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 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. BATVAI. Please see attached documents for DLBA guidelines.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Exterior
Waterfront No
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RCH Brokerage Legacy Inc
GET MORE INFORMATION
