Great opportunity for infill housing development. This land is bundled with 26121 W Outer, 3626, 3622,3610, 3606, 3602,3598,3632,3618, 3614, and 3594 Electric, totaling=42,588 sqft. Not sold separately. Zoned R1. 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.
Listed By
Agency Name: RCH Brokerage Legacy Inc
Agency Phone: (248) 440-2268
Shown By
Agent Name: Danielle Strickler
Agent Phone: (419) 290-9674
Agency Title: Key Realty
Estimated Payment
$ 264.84 per month $251.72 Principal & Interest $0.00 Property Tax (data not provided by mls) $13.13 Homeowner's Insurance
26165 W Outer Drive | MLS# 20240071946
This land located at 26165 W Outer Drive, Detroit, MI 48217 is currently listed for sale with an asking price of $45,000. The property has approximately 0.10 Acres. W Outer Drive is located within the Detroit school district. Search Detroit real estate on www.danielle-realty.com today.