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3525 PORTER Street, Detroit, MI 48216

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For Sale

$8,000

0.06 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 0.1 acres
    Lot size

Explore this Property

Great build opportunity located in the heart of Mexicantown, and close Detroit's Corktown, social district, and the newly renovated Ford train station. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit s Planning and Development Department for additional context about the neighborhood. 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
MLS# 20240024432

Courtesy Of Bellabay Realty Tri-Counties
37361 Eight Mile Rd., Livonia, MI 48152
(248) 274-6614

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    0.06 Acres

Map and Directions

Directions to 3525 PORTER Street, Detroit, MI 48216

Home seller CENTURY 21 Town & Country of Grosse Pointe

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Town & Country of Grosse Pointe

(313) 886-5040
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
    $0
  • Private Mortgage Insurance
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    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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