3644 Bagley, Detroit, MI 48216

Property Description

Great opportunity for infill development.Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan.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

Listing Status:

Pending

Listing Office:

RCH Brokerage Legacy Inc : 248-440-2268

Listing Agent:

Leonard Pickett : 313-510-7887

MLS ID:

40041582

Location

• Road/Access: Paved
• Originating MLS: MiRealSource
• School District: Detroit City School District
• County: Wayne

Lot

• Zoning: N BAGLEY E 32 FT OF S 96.2 FT 18 E 28.4 FT OF N 45.8 FT 18 BLK 2 B HUBBARDS SUB L5 P49 PLATSW C R 12/288 32 IRREG

Utilities

• Water: Other-See Remarks
• Sewer: Public Sanitary

Financial

• Source: MiRealSource

This listing courtesy of Leonard Pickett, RCH Brokerage Legacy Inc