MI > Detroit > More Than One Legal Involved
Detroit, MI 48228,8647 SCHAEFER
Detroit, MI 48228,8647 SCHAEFER
Detroit, MI 48228,8647 SCHAEFER
Detroit, MI 48228,8647 SCHAEFER
Detroit, MI 48228,8647 SCHAEFER
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SimpliHŌM - Making Real Estate Simple

SimpliHŌM - Making Real Estate Simple

+1(855) 856-9466
$ 71,164
Est. payment | /mo

0.82 Acres Lot

Save
$ 71,164
Est. payment | /mo
Save

0.82 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision More Than One Legal Involved

MLS Listing ID 20230047680

Originating Board Realcomp II Ltd

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 Det 6-Tire - Grnfld - Livernois

Zoning Residential

Direction HEAD WEST ON JOY RD PASS MEYERS, MAKE LEFT ONTO SCHAEFER. PROPERTY ON THE RIGHT SIDE.

Exterior

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Schools

School District Detroit

Others

Tax ID W22I031157C72

Ownership Government Owned,Short Sale - No

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Realcomp MLS
©2024 Realcomp II Ltd. Shareholders
Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc
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8647 SCHAEFER