2691 Rochester St, Detroit, MI 48206

Description

Welcome to the latest offering from the Detroit land Bank Authority. 5 buildable lots waiting for your development ideas. Dexter/linwood area, right on the edge of Boston Edison will make a very vibrant and useful project for the up and coming developer. Area boasts over 27,782 sqft. of buildable land. Sale includes 2735, 2715, 2703,2697 Rochester as well. In addition there are additional lots for sale on the opposite side of the street also listed with the Detroit land bank authority. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. 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 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.