Detroit, MI 48202,408 MARSTON
Detroit, MI 48202,408 MARSTON
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$ 5,218
Est. payment | /mo

1,306 Sqft Lot


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$ 5,218
Est. payment | /mo
Save

1,306 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Mi

MLS Listing ID 40027098

Style Vacant Land

Lot Size 1,306 Sqft

Acres 0.03

Lot Dimensions 21.00X60.00

Property Description

Great opportunity for infill housing development. Located in a Opportunity Zone. 414 Marston, 8032,8036, 8042, 8048, & 8050 Brush. Totaling = 13,739 sqft. All 7 properties are sold for $40k. Not sold separately. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. 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. BATVAI. See attached documents for DLBA requirements and offer submission.

Location

State MI

County Wayne

Area Detroit (82001)

Zoning Residential

Building

Water Public Water

Schools

School District Detroit City School District

Others

Ownership Government Owned

Financing Cash

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by RCH Brokerage Legacy Inc
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105 E Maumee St, Adrian, MI, 49221, USA

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408 MARSTON