$60,000

Prime Investment opportunity located in one of Detroit's fastest developing communities. 3 Parcels for sale, 4454, 4450 & 4466 15th St. to be sold together and cannot be separated. The DLBA is looking for development of multiple homes or a small to medium multi-family structure to maximize the size of the parcels and increase density in the neighborhood Bring your plans and be part of Detroit's Revitalization. Located near Midtown, Wayne State University, Motor City Casino, Michigan Central Station Project Development,and many nearby restaurants and entertainment options. This growing and vibrant community is located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommend reviewing relevant neighborhood framework plans from the City of Detroit's Planning and Development Dept. for additional context about the neighborhood. The DLBA 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.