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300 Horton St

Detroit MI 48202

0.14 ac.
Land
Currently for sale - view listing

Overview

Build your dream home or a multi-family development to suit. This opportunity is located near the Woodward corridor with convenient access to local businesses and institutions. The seller is the Detroit Land Bank Authority. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. Please note that the Detroit Land Bank Authority 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 request 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.

Features

0.14 ac. lot size
Land

Happy sellers in Detroit

100%
100% of sellers in Detroit reported that their sale price either exceeded or met their price expectations.

Detroit stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Detroit over the last 12 months.

Local market activity for land plots in Detroit

In the last 12 months, 2 land plots similar to 300 Horton St, have been sold.

This represents a 50% increase in land plots sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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