5122 WABASH Street, Detroit, MI 48208
5122 WABASH Street, Detroit, MI 48208
5122 WABASH Street, Detroit, MI 48208
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$35,000
Est. payment /mo
6,098 Sqft Lot
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20230019781

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 49 x 128

Source Realcomp

Property Description

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 Detroit's 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

Location

State MI

County Wayne

Area Wayne County - 100

Zoning Residential

Direction TAKE WARREN HEADED EAST PASS GRAND RIVER MAKE LEFT ONTO WABASH, PROPERTY ON RIGHT SIDE

Exterior

View Y/N No

Schools

School District Detroit

Others

Tax ID 08008887.

Acceptable Financing Cash

Listing Terms Cash

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Listed by RCH Brokerage Legacy Inc

Nearby School & Business

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Alec Applebaum

Alec Applebaum

+1(248) 866-8784

Broker | License ID: 6502389085

Broker License ID: 6502389085

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