3978 16th Street, Detroit, Michigan

$50,000

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0.07

Acres

About 3978 16th Street

This vacant lot is bundled with 3984,3990,3996,and 4002 16th. A total of 5 lots. Not sold separately. Totaling= 16,663 sqft. The DLBA is seeking proposals that 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 our 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. 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.

Features of 3978 16th Street

MLS® # 60187117
Price $50,000
Acres 0.07
Type Land
Sub-Type Vacant Land / Dockominium
Status Active
Source MLS MiRealSource
Originating MLS RealComp

Community Information

Address 3978 16th Street
Area Detroit
Subdivision Sub Of Pc 44 (also Pg 3) (deeds)
City Detroit
County Wayne
State Michigan
Zip Code 48208

Amenities

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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