5658 TALBOT Street, Detroit, MI 48212

This residential land presents a build opportunity on the border of Hamtramck. The addresses include 5658 Talbot Street (60x100), 5690 Talbot Street (47x49), 5680 Talbot Street (30x100), 5650 Talbot Street (30x100), 5644 Talbot Street (30x100), 5642 Talbot Street (30x100) and 5632 Talbot Street (30x100). The building should define space in a meaningful way and complement the community. It should provide a diverse residential stock and density at a variety of procedure of prices points, ownership types (i.e. rent, own), and housing types. Densities shall support opportunities for neighborhood commercial investments and jobs creation, stimulating growth in the local economy. The Detroit Land Bank Authority (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 approximately 0.14 acres, located in Detroit, Michigan, with a postal code of 48212, situated in Wayne County.