408 MARSTON Detroit, MI 48202
- Added:
- Feb 17, 2020
- Days on Market:
- 2238
- Last Refresh:
- Apr 4 at 6:06 am
Property Features for 408 MARSTON
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- Residential
- Standard status
- Active
- APN
- W01I002297S002L
- Lot size
- 0.03 Acres
Building Details
- Architectural style
- Other
Listing agent Leonard A Pickett III (248) 440-2268
Listing office RCH Brokerage Legacy Inc 21411 Civic Center Dr Ste 2200, Southfield, MI (248) 440-2268
Listing date Feb 17, 2020
MLS# 2200012946
Listing URL
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Overview
Detroit Land Opportunity Zone Infill
This vacant land, located in an Opportunity Zone in Detroit, MI, presents a great opportunity for infill housing development. The property consists of multiple parcels: 414 Marston, 8032, 8036, 8042, 8048, and 8050 Brush, totaling 13,739 square feet. All properties are sold together. Buyers must submit an application to purchase, including construction plans or precedent architectural images of the proposed development, along with a financing plan that includes either proof of funds, a pre-approval letter, or a new construction loan. Note that the Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the 5 tax years following the transfer of ownership. This tax capture may not be compatible with tax abatements otherwise available to the purchaser. The 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 the effect of any tax abatement on the purchase and development financing.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.071393
- Latitude
- 42.3765247
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Land totaling 13,739 sqft, ideal for infill housing development.
Where is this land located?
The property is located at 408 MARSTON 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: Infill housing development opportunity.; Located in an Opportunity Zone.; Total land area of 13,739 sqft across 7 properties.
