5500 TALBOT Street, Hamtramck, MI 48212 - MLS#20240063812

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Additional details

Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 15,500

Est. payment -/mo

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Active

5500 TALBOT Street Hamtramck, MI 48212

4,356 Sqft Lot

UPDATED:

08/27/2024 04:34 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision The J L Hudson Company (Plats)

MLS Listing ID 20240063812

Originating Board Realcomp II Ltd

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 20 x 218

Property Description

This property is in a 3 lot bundle with 5506 and 5510 Talbot. All Totaling 10,373 sqft. Not sold separately. Lots zoned R2.The DLBA is seeking proposals 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

Location

State MI

County Wayne

Area Hamtramck

Zoning Residential

Direction TAKE MCNICHOLS HEADED EAST PASS DEQUINDRE. MAKE RIGHT ONTO CONANT HEAD SOUTH. MAKE LEFT ONTO TALBOT. PLOTS ON THE RIGHT SIDE. CORNNER OF BUFFALO AND TALBOT.

Exterior

Waterfront no

Road Frontage Paved

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Schools

School District Hamtramck

Others

Tax ID 13005984.

Ownership Government Owned,Short Sale - No

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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