$5,000 for Sale
15655 inverness street, detroit, MI 48238
Property Description
This corner lot is the perfect opportunity for investor or private business owner. 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 requirements and offer submission information.
General Information
Sale Price: $5,000
Price/SqFt: $3
Status: Active
MLS#: 20230041604
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Acres: 0.09
Lot Dimensions: 30.00X126.00
Size: 1,575 sq.ft.
Acreage: 0.09 est.
Year Built: 1925
Property Type: Commercial
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $0
Est. Winter Taxes: $0
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and Realcomp II Ltd., ©2024 Realcomp II Ltd. Shareholders Listing By: Leonard A Pickett III of RCH Brokerage Legacy Inc, Phone: (248) 440-2268
