5919 Brush StDetroit, MI 48202

Property Details for 5919 Brush St

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional .18-acre residential land parcel presents a unique development opportunity in Detroit, Michigan. Located at 5919 Brush St, in the vibrant city of Detroit, Wayne County, this 7,698 square foot lot is zoned R5, allowing for a variety of residential development options. The asking price is $115,470. The property's location offers convenient access to the city's amenities and attractions. It's important to note that the Detroit Land Bank Authority (DLBA) retains tax capture rights for five years post-sale. This tax capture may conflict with certain tax abatements and lot combinations. The DLBA will consider waiving these rights, potentially requiring a payment in lieu of taxes, determined by a review of the development plan and any tax abatement impact on financing. A minimum of two housing units is required in any new development on this property. The property's zip code is 48202. Interested parties should carefully consider the DLBA's tax capture stipulations before submitting offers. This is a remarkable opportunity for developers seeking a prime location in a thriving urban setting.

Location Insight

City

Detroit

County

Wayne

State

Michigan

Latitude

42.3662

Longitude

-83.0652

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