Don't miss this great investment opportunity on this up and coming east side neighborhood, close to Gratiot and minutes from Downtown Detroit. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.
Property Type :
Residential
Subdivision :
Coopers Sub (plats)
County :
Wayne
Style :
Residential
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ByOwner last updated this listing 04/30/2024 @ 00:17
MLS: 605418816
LISTED BY: Natasha C Richards , Bellabay Realty Tri Counties
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: $1000
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
