Infill Housing Development
For Sale
Contact for pricing
408 MARSTON St, Detroit, MI 48202
Seven land parcels for infill housing development in Detroit.
Property SizeContact for details
Lot Size0.32 Acres
Days on Market2368
Property Features for 408 MARSTON St
General Information
Standard status
Active
Lot size
0.32 Acres
Property subtype
Lots/Land
Listing Agency:
RCH Brokerage Legacy Inc
(248) 440-2268
Listed By:
Leonard A Pickett III · License #6501306589
(248) 440-2268
Source:
Exitrealty
Added: Feb 18, 2020
Changed: Aug 8
Last Checked: Jul 16 at 6:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RCH Brokerage Legacy Inc
Investment Insights
Based on property information with market context.
This offering presents an opportunity for infill housing development, situated within an Opportunity Zone. The package includes seven properties: 414 Marston, 8032, 8036, 8042, 8048, and 8050 Brush, totaling 13,739 square feet. All seven properties are being sold together. Prospective buyers are required to submit an application to purchase, which must include 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 five tax years following the transfer of ownership. This tax capture may not be compatible with other tax abatements 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 amount will be determined after reviewing the development proforma and the effect of any tax abatement on the purchase and development financing.
Key Highlights
- Large infill housing development opportunity: 13,739 sqft across 7 properties.
- Located in an opportunity zone: Potential tax benefits for investors.
- Package deal: All 7 properties sold together for $40,000.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,659
Businesses Nearby
Explore this area
Business Placement
Demographics for 48202, MI
17,260
Population
10,078
Households
1.7
Avg Household Size
32
Median Age
38%
College-Educated
91%
High-School Grad
3.4 sq mi
ZIP Area
5,076
Density / Sq Mi
$36,536
Median Household Income
$31,725
Median Earnings
$894
Median Rent
$193,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Seven land parcels for infill housing development in Detroit.
Where is this residential land & home lot located?
The property is located at 408 MARSTON St 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: Large infill housing development opportunity: **13,739 sqft across 7 properties.**; Located in an opportunity zone: **Potential tax benefits for investors.**; Package deal: All 7 properties sold together for $40,000.
