1525 Taylor Street, Detroit, Michigan 48206

$18,000

Property Details

MLS#: 20261001924
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,196
Price per Sqft: $15
Lot Size: 0.09 acres
Year Built: 1915
Property Type: Residential
Status: Active
Days on Market: 33

Description

Development opportunity located in the desirable Virginia Park Community. This property is within walking distance to local restaurants, coffee shops, and ongoing neighborhood redevelopment. Surrounded by revitalization and conveniently located near major corridors, this is an excellent opportunity for an investor or buyer looking to renovate, redevelop, or hold in a growing area. 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.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 1525 Taylor Street?

1525 Taylor Street is listed at $18,000, or $15 per square foot.

How many bedrooms does 1525 Taylor Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,196 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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