12828 Dwyer St, Hamtramck, MI 48212 2522

Description

Discover a prime development opportunity in the heart of a rapidly growing area. Sale includes 12828 and 12834 Dwyer for a total of $34,900 and cannot be sold separately. This parcel is ideally zoned R2, making it perfect for your next development project. The Detroit Land Bank is actively seeking proposals for townhomes, duplexes, fourplexes, or multifamily buildings--taking full advantage of the flexible R2 zoning that offers endless possibilities in a community-focused area poised for growth. Don't miss this exceptional opportunity! Interested buyers should consult our proposal guidelines for new build opportunities. 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. 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.