7906 SAINT PAUL Street Active

Detroit,MI 48214

$ 3000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Shipherds Sub (Plats)

MLS Listing ID 20230018477

Lot Size 1,742 Sqft

Property Description

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). 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. See attached documents for DLBA requirements and offer submission info. BATVAI Please see attached documents for DLBA requirements and offer submission information.

Location

State MI

County Wayne

Area Det Woodward-Mcclellan/So Mack

Zoning Residential

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal),Water at Street

Schools

School District Detroit

Others

Acceptable Financing Cash

Listing Terms Cash

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