Great vacant lot opportunity to build new housing in a thriving community close to Motown Museum, Henry Ford Hospital, New Center/Downtown Area. The DLBA is seeking proposals that are 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 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: Bellabay Realty Tri Counties
Agency Phone: (248) 274-6614
Shown By
Agent Name: The Realty Couple
Agent Phone: (734) 506-8841
Agency Title: Key Realty
Estimated Payment
$ 117.71 per month $111.87 Principal & Interest $0.00 Property Tax (data not provided by mls) $5.83 Homeowner's Insurance
2203 Lothrop Street | MLS# 20240024655
This land located at 2203 Lothrop Street, Detroit, MI 48206 is currently listed for sale with an asking price of $20,000. The property has approximately 0.20 Acres. Lothrop Street is located within the Detroit school district. Search Detroit real estate on www.therealtycouple.com today.