1651 Webb St, Detroit, MI 48206 For Sale

Situated in Detroit's historic Dexter-Linwood neighborhood, this property presents an exceptional multifamily redevelopment opportunity for investors and developers. Located at 1651 Webb Street, the site is zoned R-5 and is approved for a proposed 13-unit apartment development, making it an ideal project for those looking to capitalize on the area's ongoing revitalization and increasing demand for quality housing. Conveniently positioned near major thoroughfares, employment centers, and neighborhood amenities, the property offers excellent accessibility and long-term investment potential. Whether you're an experienced multifamily developer or seeking your next value-add opportunity, this offering provides a strong foundation for a successful residential project. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.