Looking to buy property? Here is a great opportunity located in the beautiful North End neighborhood in Detroit. The buyer must include plans for rehabbing the home. The seller is the Detroit Land Bank Authority. 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 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 abatement on the purchase and development financing. BATVAI. Please see attached documents for DLBA requirements and offer submission information.
Property Type :
Residential
Subdivision :
Owen & Bartletts
County :
Wayne
Style :
Residential
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ByOwner last updated this listing 04/27/2024 @ 17:12
MLS: 544156946
LISTED BY: Clarence R Wilson , RCH Brokerage Legacy Inc
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.
