3432 BEALS Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48214 1708
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 60307471
Style Vacant Land
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 60.00 x 110.00
Property Sub-Type Vacant Land
Property Description
THIS BUNDLE INCLUDES 3432 BEALS, 3442 BEALS, 3448 BEALS, 3456 BEALS AND MUST BE PURCHASED TOGETHER. TOTAL LISTING PRICE IS $20,000.00. Check out this latest offering from the Detroit Land Bank Authority located in the heart of Islandview neighborhood. This FOUR lot bundle is conveniently located 7 minutes from Eastern Market and only a short distance to Downtown Detroit. The City of Detroit announced they are investing over $5 million to improve the up-and-coming area. Check out the nearby New Butzel Playfield as well as improvements to Marcus Garvey academy. Please 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.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Multi-Family,Residential
Building
Water Public Water
Schools
School District Detroit City School District
Others
Ownership Government Owned
Financing Cash