$6,000

1522 Gray Street, Detroit, MI 48215

Land
Built in ——
3,485sqft lot
—— car garage
$——/sqft
Listed 5 months ago

Property Description

This property is sold in a bundle with 4 vacant lots 1528, 1514, 1508 Gray and 12905 Brooks totaling 20,128 sqft. Not sold separately. All lots sold together for 30k. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. Also include plans for the vacant lots with sketches and financing. 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. See attached documents for guidelines and submission instructions. BATVAI

Listing Status:: Active
Date Added:: May 20, 2025 at 05:00AM
Listing Office:: RCH Brokerage Legacy Inc : 248-440-2268
Listing Agent:: Leonard Pickett : 313-510-7887
MLS ID:: 60395956

Road/Access: Paved
Originating MLS: MiRealSource
School District: Detroit City School District
County: Wayne

Zoning: E GRAY 156 STERLING PARK SUB L27 P61 PLATSW C R 21/310 30 X 122.24

Water: PublicPublic Water at Street
Sewer: Public SanitaryPublic At Street

Source: MiRealSource

This listing courtesy of Leonard Pickett, RCH Brokerage Legacy Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Carstens Elementary-Middle School

13000 Essex Ave, Detroit, MI, 48215

Grades PK-8

0.75 miles away

Carstens Elementary-Middle School

13000 Essex Ave, Detroit, MI, 48215

Grades PK-8

0.75 miles away

Davis Aerospace Technical High School at Golightly

900 Dickerson St, Detroit, MI, 48215

Grades 9-12

0.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.