278 Belmont Street, Detroit, MI 48202
278 Belmont Street, Detroit, MI 48202
278 Belmont Street, Detroit, MI 48202
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Alec Applebaum

Alec Applebaum

+1(248) 866-8784
$35,000
Est. payment /mo
5,662 Sqft Lot
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20251061408

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 45X128

Source Realcomp

Property Description

This property is listed in a bundle with the following four contiguous parcels and must be sold together: 278 Belmont, 288 Belmont, 296 Belmont, and 302 Belmont. These must be purchased together and cannot be split. Zoned residential, the property offers excellent potential for a new-build/infill development opportunity. How to Apply: Interestedbuyers must submit aproposal that includes: 1. Project Proposal (intended use of structure + timeline) 2.Proof of Funds (bankstatement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof ofPrevious Projects:(include addresses and photos). The DLBA is seeking proposals for small- to medium-scaleinfill developmentto increase housing supply, restore the urban fabric, and improve density and walkability.Interested buyersshould consult the proposal guidelines for new build opportunities. The DLBA alsorecommends reviewingrelevant Neighborhood Framework Plans from the City of Detroit's Planning andDevelopment Department foradditional context about the neighborhood. Please note that the DLBA is entitledto a tax capture for the 5 taxyears subsequent to transferring ownership of the property. The tax capture maybe incompatible with taxabatement that are otherwise available to the selected purchaser. DLBA will reviewrequests to waive its taxcapture rights and may require a payment in lieu of taxes to approve such requests.The payment will bedetermined upon reviewing the development proforma and effect of any tax abatement onthe purchase anddevelopment financing.

Location

State MI

County Wayne

Zoning Residential

Direction North on John R Street to Belmont Street

Exterior

View Y/N No

Schools

School District Detroit

Others

Tax ID W01I003234S

Acceptable Financing Cash

Listing Terms Cash

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Listed by Keller Williams Realty-Great Lakes

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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