Homes for sale - 5040 FERNWOOD Street, Detroit, MI 48204

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Rise Realty Group

chris@riserealtymi.com +1(810) 206-2080

$ 35,000

Est. payment | -/mo

Save

$ 35,000

Est. payment | -/mo

Save

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision John Tiremans Sub (Plats)

MLS Listing ID 20240040769

Lot Dimensions 88.00 x 120.00

Source Realcomp II Ltd

Property 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.

Location

State MI

County Wayne

Area Det South Of Grand River

Zoning Residential

Direction Take Livernois headed south, pass Joy Rd. Make left onto Tireman. Then make a left onto Ironwood. This will turn into Fernwood.

Exterior

Road Frontage Paved

Building

Sewer Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Schools

School District Detroit

Others

Tax ID W16I003548C50

Ownership Government Owned,Short Sale - No

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(810) 206-2080

chris@riserealtymi.com

250 Monroe Ave NW, Grand Rapids, MI, 49503-2211, USA

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5040 FERNWOOD Street Detroit, MI 48204