408 Marston, Detroit, MI 48202

Property Description

Great opportunity for infill housing development. Located in a Opportunity Zone. 414 Marston, 8032,8036, 8042, 8048, & 8050 Brush. Totaling = 13,739 sqft. All 7 properties are sold for $40k. Not sold separately. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. Note that the DLBA 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. See attached documents for DLBA requirements and offer submission.

Listing Status:

Active

Listing Office:

RCH Brokerage Legacy Inc : 248-440-2268

Listing Agent:

Leonard Pickett : 313-510-7887

MLS ID:

40027098

Location

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

Lot

• Zoning: S MARSTON W 17.26 FT OF E 38.11 FT OF N 67 FT 25 EXC E 2.55 FT OF N 48.30 FT W 3 FT OF E 41.11 FT OF N 33.80 FT 25 W 3.70 FT OF E 44.81 FT OF N 33.30 FT 25 ATKINSONS L8 P21 PLATSW C R 1/107 21.41 IRREG

Utilities

• Water: Public

Financial

• Source: MiRealSource

This listing courtesy of Leonard Pickett, RCH Brokerage Legacy Inc