Investment opportunity in West End! This bundle includes two properties at 5784 Garland and 5780 Garland for a total of $20,000. 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 the 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 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.
Listed By
Agency Name: Keller Williams Realty-Great Lakes
Agency Phone: (586) 541-4000
Shown By
Agency Title: Griffith Realty
Agency Phone: 810-227-1016
Estimated Payment
$ 50.34 per month $44.51 Principal & Interest $0.00 Property Tax (data not provided by mls) $5.83 Homeowner's Insurance
5780 Garland Street | MLS# 20261021544
This land located at 5780 Garland Street, Detroit, MI 48213 is currently listed for sale with an asking price of $20,000. The property has approximately 0.10 Acres. Garland Street is located within the Detroit school district. Search Detroit real estate on www.griffithrealty.com today.