5365 Seneca St, Detroit, MI 48213

Description

HOUSE AND ADJACENT VACANT LOT SOLD TOGETHER FOR $21,000! Development opportunity in Detroit's historic Pingree Park neighborhood. Sale includes the residential structure at 5365 Seneca and adjacent vacant lot at 5359 Seneca, offered together as a homestead. Ideal for investors, developers, or experienced rehabbers seeking renovation or redevelopment opportunities. Conveniently located near Downtown Detroit, Indian Village, West Village, and Eastern Market. Both parcels sold together with clean title, offering a combined 7,144 square feet (0.17 acres) of land. Zoned R2. Buyer and buyer's agent to verify all measurements, property information, zoning, and redevelopment requirements. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and documentation of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, as determined following DLBA review of the development pro forma and financing.