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$ 24,674
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Pending
5201 CASMERE Street Hamtramck, MI 48212
9,147 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
Municipality Hamtramck City
Subdivision Hamtramck City
MLS Listing ID 20240038982
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 71 x 131
Source Realcomp
Property Description
Welcome to the latest offering from the Detroit land Bank Authority. Calling all developers. 3 vacant lots ready to build. Sale includes 5193 and 5183 casmere. Over 16,000 sqft. of buildable space for you to develop. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also 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 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelinesAll showings to be conducted by a licensed agent transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelinesAll showings to be conducted by a licensed agent
Location
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction mound go south to casmere go west
Exterior
View Y/N No
Schools
School District Detroit
Others
Tax ID 13005891.
Acceptable Financing Cash
Listing Terms Cash
Listed by Real Estate One-Southfield