LOT SIZE 0.030 acres
MLS#20261057038
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONPlat Of Pc 27 Lognon Farm
SCHOOLDetroit
Property Description
***Exceptional opportunity to acquire FIVE (5) contiguous residential infill lots in Detroit's rapidly evolving Core City*** These R2-zoned parcels offer an excellent opportunity for new residential construction in a neighborhood experiencing continued investment and redevelopment. The assemblage includes 3515, 3521, 3529, 3541, and 3545 Cochrane. Conveniently located near downtown Detroit, Corktown, Michigan Central, major freeways, restaurants, shopping, and neighborhood amenities. Whether you're a builder, developer, or future homeowner, this property offers an excellent opportunity to be part of one of Detroit's most active areas of reinvestment. Only $60,000 for all 5 parcels. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof 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, determined after DLBA review of the development pro forma and financing.
Property Features
Property Type: Land - Residential
Lot Size: 0.03 Acres
Feature Descriptions
Days on Site: 5
Lot Dimensions: 0.03 Acre(s)
Road Frontage: Paved
Sewer: Sewer (Sewer-Sanitary), Sewer at Street
Summer Tax: $1.0000
Water: Public (Municipal), Water at Street
Winter Tax: $1.0000
Local Schools
School District: Detroit
Listed By / Shown By
Listed By
Agency Name: Next Level Realty & Investments
Agency Phone: (734) 506-0076
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 70.62 per month $67.12 Principal & Interest $0.00 Property Tax (data not provided by mls) $3.50 Homeowner's Insurance
3515 Cochrane Street | MLS# 20261057038
This land located at 3515 Cochrane Street, Detroit, MI 48208 is currently listed for sale with an asking price of $12,000. The property has approximately 0.03 Acres. Cochrane Street is located within the Detroit school district. Search Detroit real estate on www.ikeyrealty.com today.