Description
This property is sold as a bundle of 3 with 14531 Lappin and 14390 Lappin= totaling 7,500. Not sold separately. 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 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. BATVAI. Please see attached documents for DLBA requirements and offer submission information.
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3BEDS
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0.1ACRES
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1BATHS
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11/2 BATHS
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956SQFT
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$3$/SQFT
Description
This property is sold as a bundle of 3 with 14531 Lappin and 14390 Lappin= totaling 7,500. Not sold separately. 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 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. BATVAI. Please see attached documents for DLBA requirements and offer submission information.
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