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7906 Saint Paul Street
Detroit, MI 48214

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Property Details


List Price: $3,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: RCH Brokerage Legacy, Inc.

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Description/Comments


Lot Size: --
Property Type: Lots And Land
Year Built: --
Notes: 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 DLBA 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. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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. See attached documents for DLBA requirements and offer submission info. BATVAI Please see attached documents for DLBA requirements and offer submission information.
MlsNumber: 20230018477


Listing Provided By: RCH Brokerage Legacy, Inc., original listing
Name: RCH Brokerage Legacy, Inc.
Phone: (248) 440-2268
Office Name: RCH Brokerage Legacy Inc
Office Phone: (248) 440-2268
Agent Name: Leonard A Pickett III
Disclaimer: Copyright © 2024 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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