408 Marston, Detroit, Michigan


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About 408 Marston

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 $40,000. 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.

Features of 408 Marston

MLS® # 40027098
Price $5,218
Acres 0.03
Type Land
Sub-Type Vacant Land / Dockominium
Status Active
Source MLS MiRealSource
Originating MLS RealComp

Community Information

Address 408 Marston
Area Detroit
Subdivision Atkinsons Sub Of Park Lot 6 (plats)
City Detroit
County Wayne
State Michigan
Zip Code 48202


Is Waterfront No

School Information

District Detroit City School District

Additional Information

Zoning Residential
Foreclosure Yes
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRCH Brokerage Legacy Inc

Listing Map

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