Great opportunity for developers and investors. Each unit features 3 bedrooms, 1 bathroom, and a basement. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Property Features
Heating Information
Forced Air
Natural Gas
Basement
Full
Unfinished
Cooling Information
None
Water Features
Public
Listing Courtesy: Next Level Realty & Investments - 734-506-0076