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About This Home
This land at 2647 W Forest Avenue in Detroit, MI is listed for $38,000 (0.07 acres).
These are seven contiguous vacant lots available in the Core City neighborhood, including: 2633 W Forest Ave, 2641 W Forest, 2647 W Forest, 2651 W Forest, 2657 W Forest, 2665 W Forest, and 4488 Humboldt, with a combined total of approximately 0.44 acres.
Situated near Grand River Ave and Buchanan St. Zoned residential, this bundle offers excellent potential for new construction/infill development. All lots must be purchased together and cannot be separated. The DLBA recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood.
How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement.
The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.
Key Features
- 0.07 acre lot
Location
2647 W Forest Avenue
Detroit, MI 48208
Strohs Sub Bernhard & Jul Ius
Questions & Answers
This 0-bedroom, 0-bathroom land at 2647 W Forest Avenue is listed at $38,000. The estimated monthly payment is $165 based on 20% down at 6.5% interest.
Key features include: 0.07 acre lot.
This property is listed by Erick Monzo and can be reached at 5862103350 or erick@monzogroup.com.
