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USAMIDetroitJohn Tiremans Sub (Plats)5040 Fernwood St
5040 Fernwood St, Home with 0 bedrooms, 2 bathrooms and null parking in Detroit MI | Image 1
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$35,000

5040 Fernwood St, Detroit, MI

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Land
Size -
Garage No
Taxes 
Days Active 414
Lot Size 
Approx. Age 
MLS® Number 20240040769

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This is a land-based site. This vacant lot is sold with 5054, 5060, 5066, and 5074 Fernwood. Totaling= 47, 720 sqft. Not sold separately. Zoned R3. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and DLBA Guide to Plot Plan, Site Design, and Maintenance. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. BATVAI. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). 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.Show Description
MLS® Number20240040769
Laundry Level
Central VacNo
FireplaceNo
Acreage0
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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