2949 Hogarth Street, Detroit, MI 48206

Property Description

2949 Hogarth Street, Detroit, MI 48206Exceptional investment and redevelopment opportunity in Detroit's historic Wildemere Park neighborhood, within the established Crossman & McKay's Subdivision. This area features traditional early 20th-century residential architecture and a longstanding neighborhood character, while benefiting from continued residential redevelopment, new investment, and revitalization throughout the surrounding community.Conveniently located near major freeways, public transportation, neighborhood parks, shopping, dining, and Detroit's cultural attractions. This property presents an opportunity for investors, builders, or owner-occupants looking to participate in the continued growth and revitalization of this Detroit community.Purchaser must comply with all Detroit Land Bank Authority (DLBA) requirements. Property is being sold AS-IS. Purchaser to independently verify all property measurements, zoning, permitted uses, and applicable building and development requirements.DLBA DISCLOSURE: The Detroit Land Bank Authority (DLBA) is entitled to a tax capture for the five (5) tax years following the transfer of ownership. This tax capture may be incompatible with tax abatements otherwise available to the purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes (PILOT) as a condition of approving such requests. Any required payment will be determined following review of the development pro forma and the impact of any tax abatement on the purchase and development financing.