Description
Welcome to the latest offering from the Detroit Land Bank Authority. 3 bedroom bungalow in a central location close to freeway access and shopping . Property needs a full rehab and all buyers are required to follow DLBA offer guidelines in order to purchase. 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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permission from MiRealSource, Inc. Updated: 27th March, 2023 12:13 AM (UTC)
Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates, and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning, or any information storage and retrieval system, without written
permission from MiRealSource, Inc. Updated: 27th March, 2023 12:13 AM (UTC)
Listing Agent: Trina Ellis
Listing Office: Real Estate One-Southfield
