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Don't miss out on this infill opportunity located in Detroit's Piety Hill neighborhood. The sale includes 658 E. Euclid and 668 W. Euclid for $20k and must be sold together. The lots are zoned R5. This property is within walking distance to the Q-Line, New Center Area and so much more. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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. ...
Don't miss out on this infill opportunity located in Detroit's Piety Hill neighborhood. The sale includes 658 E. Euclid and 668 W. Euclid for $20k and must be sold together. The lots are zoned R5. This property is within walking distance to the Q-Line, New Center Area and so much more. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. 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 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.
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