Description
Presenting the latest offering from the Detroit Land Bank Authority. Huge brick colonial in need of a lot of work. Structure is unsafe to enter/walk-thru and is structurally compromised, buyer must show experience/capacity to rehab. Enter at your own risk. 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 and lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
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4BEDS
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0.2ACRES
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1BATHS
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11/2 BATHS
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4,024SQFT
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$1$/SQFT
Description
Presenting the latest offering from the Detroit Land Bank Authority. Huge brick colonial in need of a lot of work. Structure is unsafe to enter/walk-thru and is structurally compromised, buyer must show experience/capacity to rehab. Enter at your own risk. 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 and lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
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Data last updated: 2023-06-10T06:52:26.257.