Great opportunity for experienced investors. 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 ALL OFFERS ARE DUE BY CLOSE OF BUSINESS DAY ON Friday, 2/21/2020.
Courtesy of: RCH Brokerage Legacy Inc
Office Phone: (248) 440-2268
Listing Agent: Leonard A Pickett III
Updated: 22nd February, 2020 1:59 AM.
495 LAKEWOOD Street Detroit, MI