Remarks

This corner lot is the perfect opportunity for investor or private business owner. 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 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.

Details

MLS#: 20230041604
Price: $5,000

Style: Real Estate Only
Sq Ft: 1575
Year Built: 1925

County: Wayne
Subdivision: RAUPP ADAM R
Lot Size: 0.09

School District: Detroit