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5122 WABASH ST DETROIT, MI 48208
- Vacant Land / Resale (MLS)
Property Details for 5122 WABASH ST, DETROIT, MI 48208
Features
- Lot Size: 6098 sq. ft.
- Heating: 4
Facts
- Property ID: 787611239
- MLS Number: 20230019781
- Parcel Number: 08008887.
- Property Type: Vacant Land
- County: WAYNE
- Legal Description: E WABASH 37 S 18 FT ON W LINE BG S 16.20 FT ON E LINE 38 CANDLERS SUB L1 P274 PLATS, WCR 8/66 49 IRREG
- Zoning: R2
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. This vacant lot is bundled with 5108, 5118,5130, 5142 Wabash, and 2040, 2038 Putnam. A total of 7 lots. Not sold separately. Totaling= 20,984 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 Detroits 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. BATVAI n
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Property Brokerage:
RCH Brokerage Legacy, Inc.
21411 Civic Center Dr Ste 2200
Southfield
MI
48076
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.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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