414 Marston

    Detroit, MI 48202
    • $6,956
    • STATUS: Active
    • ON SITE: 103 days
    • ID#: 2200012901
    UPDATED: 44 min ago
    $6,956
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:
    Zoning:
    Residential
    Lot Size Dimensions:
    23.00X66.00

    School Ratings & Info

    School District:

    Description

    GREAT OPPORTUNITY FOR INFILL HOUSING DEVELOPMENT.LOCATED IN A OPPORTUNITY ZONE.BUYER MUST SUBMIT AN APP TO PURCHASE,INCLUDING CONSTRUCTION PLANS OR PRECEDENT ARCHITECTURAL IMAGES OF PROPOSED DEVELOPMENT & FINANCING PLAN W/ POF OR PRE-APP LETTER ON A NEW CONSTRUCTION LOAN.ALL 7 PROPERTIES ARE SOLD FOR $40,000 TOTAL.NOT SOLD SEPARATELY. 408 MARSTON, 8032, 8036, 8042, 8048, & 8050 BRUSH ARE INCLUDED IN THIS DEAL.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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING. PLEASE SEE ATTACHED DLBA REQUIREMENTS. BATVI

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    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-05-30T23:55:57.44.
    www.gkrealestateteam.com/homes/103303706

    414 Marston Detroit, MI 48202

    • Price: $6,956
    • Status: Active
    • Updated: 44 min ago
    • ID#: 2200012901
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    Neighborhood:
    Atkinsons Sub Of Park Lot 6 (Plats)
    County:
    Wayne
    Area:
    Det: Livernois-i75 6-gd River
    School District:
    DETROIT
    Property Description
    GREAT OPPORTUNITY FOR INFILL HOUSING DEVELOPMENT.LOCATED IN A OPPORTUNITY ZONE.BUYER MUST SUBMIT AN APP TO PURCHASE,INCLUDING CONSTRUCTION PLANS OR PRECEDENT ARCHITECTURAL IMAGES OF PROPOSED DEVELOPMENT & FINANCING PLAN W/ POF OR PRE-APP LETTER ON A NEW CONSTRUCTION LOAN.ALL 7 PROPERTIES ARE SOLD FOR $40,000 TOTAL.NOT SOLD SEPARATELY. 408 MARSTON, 8032, 8036, 8042, 8048, & 8050 BRUSH ARE INCLUDED IN THIS DEAL.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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING. PLEASE SEE ATTACHED DLBA REQUIREMENTS. BATVI
    Exterior Features

    Lot Size Dimensions 23.00X66.00 Road Frontage Type Paved Waterfront YN No

    Property Features

    Assessment 0 Land Contract YN No Listing Financing Cash Ownership Status Government OwnedShort Sale - No Possession At Close Postal City Detroit Protection Period 90 DAYS Settlement City Sewer Sewer-Sanitary Short Sale No State Equalized Value 0.0000 Survey YN No Tax Amount Summer 0.0000 Tax Amount Winter 0.0000 Title Government - Owned Total Tax 0.0000 Transaction Type Sale Unparsed Address 414 MARSTON Water Source Municipal Water Zoning Residential

    IDX provided courtesy of Realcomp II Ltd., via Rch Brokerage Legacy Inc and Realcomp, ©2020 Realcomp II Ltd. Shareholders.


    © 2020 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than GK Real Estate Team | Real Estate One are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2020-05-30T23:55:57.44.
     
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