MLS # 20261028035 (Realcomp)

Development opportunity in prime area offering endless potential in a rapidly developing residential area. Located a few minutes from Motown Museum and Henry Ford Hospital. This vacant parcel is owned by the Detroit Land Bank Authority (DLBA) through its Marketed Property Program. The property offers an opportunity for new construction and infill development, subject to zoning and City approvals. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Source: SparkMLS
Currently offered at $75,000.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
W TWELFTH 10 THRU 14SIBLEY PLACE SUB L11 P66 PLATS, W C R 8/74 160 X 114.84
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Catina Willis
Next Level Realty & Investments
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5957 Rosa Parks Boulevard, Detroit, MI 48208
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Neighborhood
Rosa Parks
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Community
Detroit
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County
Wayne County
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