Description
GREAT OPPORTUNITY FOR INFILL HOUSING DEVELOPMENT. THIS LOT SOLD IN BUNDLE WITH 2142 HENDRICKS, 2160 HENDRICKS, AND 2166 HENDRICKS= $42,000. NOT SOLD SEPARATELY. A BUYER MUST SUBMIT A PROPOSAL TO PURCHASE,INCLUDING CONSTRUCTION PLANS OR PRECEDENT ARCHITECTURAL IMAGES OF PROPOSED DEVELOPMENT & FINANCING PLAN W/ POF, PRE-APP LETTER ,OR A NEW CONSTRUCTION LOAN OF THE PROPERTY. PROJECTS WILL REQUIRE APPROVAL OF THE DESIGN REVIEW FROM THE CITY OF DETROIT. 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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING. BATVI. PLEASE SEE ATTACHED DOCUMENTS FOR DLBA REQUIREMENTS. PROPSALS SHOULD BE SUBMITTED THROUGH GOOGLE DOC APPLICATION. USE THE LINK ON THE ATTACHMENTS.
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Listing Agent: Leonard A Pickett III Courtesy of: RCH Brokerage Legacy Inc IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2022 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 28th May, 2022 10:40 AM (UTC)