2546 W Forest Avenue

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Source: MiRealSource

Originating MLS: MiRealSource

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RC330189

2546 W. Forest + 2540 W. Forest present a unique opportunity to acquire a structure in need of renovation along with an adjacent vacant lot. The DLBA is seeking a qualified proposal for the rehabilitation of 2546 W. Forest, with 2540 W. Forest to be included as part of the overall site plan and redevelopment approach. Proposals should clearly outline the scope of renovation for the existing structure, the intended use of the additional lot, project costs, timeline, and proof of funds sufficient to support completion. The strongest proposals will demonstrate a feasible redevelopment plan, relevant experience, and a cohesive vision for both parcels that contributes positively to the surrounding neighborhood. 2546 & 2540 W Forest are part of a bundle package and must be sold together for $60,000.00 Please note that the DLBA 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.

Property Information

Property Details

Location

Address

2546 W Forest Avenue

County

Wayne

City

Detroit

Zip Code

48208 2116

Subdivision

Stantons

School District

Detroit City School District

MLS Area

Detroit (82001)

Listing provided by Keller Williams Realty-Great Lakes, (586) 541-4000

Interior Features

Beds and Baths

Bedrooms

Full Bathrooms

Building

Building Information

Square Feet

1,350

Year Built

1913

Stories

Construction

Cedar

Foundation

Basement

Financial

Special Conditions

HUD Owned

Property Taxes

Tax Annual Amount

$552

2546 W Forest Avenue, Detroit, MI 48208 2116

Market Report for 48208 2116