For Sale

1522 GRAY StreetDetroit, MI 48215

$6,000

Listing courtesy of RCH Brokerage Legacy Inc

About

This Home

This property is sold in a bundle with 4 vacant lots 1528, 1514, 1508 Gray and 12905 Brooks totaling 20,128 sqft. Not sold separately. All lots sold together for 30k. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. Also include plans for the vacant lots with sketches and financing. 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 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. See attached documents for guidelines and submission instructions. BATVAI

Details

Property Type: Land
Style: Unimproved Land
Lot Size: 0.08 acres
Heating: None
Cooling: None
MLS #: 20250036698

About Detroit

Michigan's largest city, with a revitalized downtown and riverfront, the Midtown cultural district and historic neighborhoods like Indian Village and Boston-Edison. Home styles range from grand early-1900s homes to lofts and new construction.

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Listing courtesy of RCH Brokerage Legacy Inc. MLS # 20250036698. Information is deemed reliable but not guaranteed and should be independently verified.

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