Description
Single Family 3BR and 1 Bath home offered by Detroit Land Bank Authority. This property is a B4-zoned residential structure. All showings to be accompanied by real estate professional. Due to Covid 19, please practice social distancing. 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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3BEDS
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0.13ACRES
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1BATHS
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01/2 BATHS
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1,198SQFT
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$4$/SQFT
Description
Single Family 3BR and 1 Bath home offered by Detroit Land Bank Authority. This property is a B4-zoned residential structure. All showings to be accompanied by real estate professional. Due to Covid 19, please practice social distancing. 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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