6002 Malcolm Street Detroit, MI 48213

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

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: May 12 Updated: May 14 at 5:30PM Checked: Jul 22 at 4:06PM

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MLS# 20261030872

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Investment Insights

Based on property information with market context.

This property presents a fantastic infill opportunity within a redeveloping area. The sale encompasses three parcels: 6002, 6008, and 6014 Malcolm, which are not sold separately. The total price for all three is $12,000. Interested buyers should consult proposal guidelines for new build opportunities. The Detroit Land Bank Authority (DLBA) 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 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. The lot size is 0.07 acres.

Key Highlights

• Infill opportunity in a redeveloping area.
• Includes three parcels: 6002, 6008, and 6014 Malcolm.
• Public water source available.

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FAQs

What type of property is this?

Residential land & home lot - Land available in Detroit for redevelopment.

Where is this residential land & home lot located?

The property is located at 6002 Malcolm 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: Infill opportunity in a redeveloping area.; Includes three parcels: 6002, 6008, and 6014 Malcolm.; Public water source available.