Remarks & Misc

Public Remarks

RESIDENTIAL DEVELOPMENT OPPORTUNITY - PACKAGE SALE! Four privately owned vacant parcels located on Mackay St in Detroit: 12386, 12404, 12410 and 12422 Mackay, totaling approximately 15,000 sq. ft. Properties are located within the R2 Two-Family Residential District, which allows single-family and two-family residential development, subject to City of Detroit requirements and approvals. Excellent opportunity for a builder, developer or investor looking for multiple residential lots in one area. Additional vacant parcels situated between/adjacent to the seller-owned lots — 12392, 12398 and 12416 Mackay — are currently owned by the Detroit Land Bank Authority. A purchaser who develops qualifying residential property may have an opportunity to acquire eligible adjacent DLBA-owned parcels through Detroit Land Bank programs, subject to DLBA eligibility, availability and approval. Sale includes the four privately owned parcels only. Detroit Land Bank parcels are not included in the sale

Legal

PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2027. E MACKAY N 15 FT OF 247 246 CHENE ST SUB L15 P86 PLATS, WCR 9/183 45 X 100.76

Street Type

Public

Yes

Util Avail at Street

None

Yes

Utilities Attached

None

Yes

Sewer

None

Yes

Water

None

Yes

Terms Available

Build to Suit

Yes

Cash

Yes

Mineral Rights

Unknown

Yes

Sale Conditions

None

Yes

Other

Yes

Possession

Close Of Escrow

Yes

Property Features