5585 RIDGEWOOD Street Detroit, MI 48204

Listing agent Erick Monzo Show Phone

Listing office Keller Williams Realty-Great Lakes j***@kw.com 28220 Harper, St. Clair Shores, MI Show Phone

Listing date Jun 11, 2024

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MLS# 20240040990 Listing URL

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Investment Insights

Based on property information with market context.

This residential zoned vacant lot is located close to the expressway. The 0.36-acre lot is ready for building a dream home or an income-generating property. The Detroit Land Bank brings this property to the market. 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 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.

Key Highlights

• Residential zoned vacant lot - ready for construction.
• Suitable for building a dream home or income property.
• Convenient location close to the expressway.

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FAQs

What type of property is this?

Residential land & home lot - Residential zoned vacant lot, build your dream home!

Where is this residential land & home lot located?

The property is located at 5585 RIDGEWOOD 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: Residential zoned vacant lot - **ready for construction.**; Suitable for building a dream home or income property.; Convenient location close to the expressway.