HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?
Additional details
$ 6,000
Est. payment /mo
Active
1514 GRAY ST MI 48215
UPDATED:
Key Details
Property Type Vacant Land
Sub Type UnimprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision Sterling Park (Plats)
MLS Listing ID 20250036689
Property Sub-Type UnimprovedLand
Property Description
This property is sold in a bundle with 4 vacant lots 1528, 1508, 1522 Gray and 12905 Brooks totaling 20,128 sqft. Not sold separately. All lots sold together for 30k. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. Also include plans for the vacant lots with sketches and financing. 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. See attached documents for guidelines and submission instructions. BATVAI
Location
State MI
County Wayne
Area Area05066Detmcclellaneastmacktoshore
Exterior
View Y/N No
Building
Sewer PublicSewer, SewerAtStreet
Water Public, WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
©2025 Realcomp II Ltd. Shareholders
Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc