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About This Home
This land at 994 KITCHENER Street in Detroit, MI is listed for $6,250 (0.10 acres).
This property is sold as a bundle of 8 with 952, 958, 966, 970, 978, 984, and 948 Kitchener totaling= 25,490 sqft. Not sold separately. Asking 50k for all 8 lots. Property zoned PD. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-App letter, or new construction loan.
Projects will require approval of the Design Review from the city of Detroit. 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. BATVAI. Please see attached documents for DLBA guidelines and submission instructions.
Key Features
- 0.10 acre lot
Location
994 KITCHENER Street
Detroit, MI 48215
ST CLAIR PARK (PLATS)
Questions & Answers
This 0-bedroom, 0-bathroom land at 994 KITCHENER Street is listed at $6,250. The estimated monthly payment is $27 based on 20% down at 6.5% interest.
Key features include: 0.10 acre lot.
This property is listed by Leonard A Pickett III and can be reached at 2484402268 or lpickettiii@rchlegacy.com.
