14267 FORDHAM Street Detroit, MI 48205

Listing agency Bellabay Realty Tri Counties n***@comcast.net Show Phone

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Jun 10, 2024 Updated: May 13 at 3:31AM Checked: Jul 22 at 9:06PM

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MLS# 20240040544

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Investment Insights

Based on property information with market context.

These adjacent residential lots, located off Gratiot in Detroit, Michigan, are being offered as a bundle. The lots, with addresses 14267, 14275, and 14283 Fordham, each measure 36x103, totaling approximately 0.09 acres. The properties are zoned residential and are presented as multi-unit build opportunities by The DLBA. The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five tax years following the transfer of ownership. This tax capture may not be compatible with tax abatements or lot combinations. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes. The payment will be determined upon reviewing the development proforma and the effect of any tax abatements on the purchase and development financing. Refer to DLBA proposal guidelines for more information.

Key Highlights

• Bundle of three adjacent lots (14267, 14275, 14283 Fordham).
• Located right off Gratiot.
• Slated for multi‑unit build opportunities presented by The DLBA.

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FAQs

What type of property is this?

Residential land & home lot - Adjacent residential lots for multi-unit development opportunity in Detroit.

Where is this residential land & home lot located?

The property is located at 14267 FORDHAM Street Detroit, MI.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Bundle of three adjacent lots (14267, 14275, 14283 Fordham).; Located right off Gratiot.; Slated for multi‑unit build opportunities presented by The DLBA.