Welcome to the latest offering from the Detroit Land Bank Authority. Brick 2 family flat in need of a total rehab. This property also includes the adjacent lots at 4603 Meldrum and 4619 Meldrum. Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review. 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… Read More 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 Read Less
Listing information is provided in part through IDX via MiRealSource and is deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Listing is courtesy of Real Estate One-Southfield, 248-723-0055, the brokerage and MiRealSource Shareholder that originated the listing.
Listing Snapshot
Days Online
1569
Last Updated
Property Type
Multi-Family
Square Ft.
2,378
Lot Size
0.07 Acres
MLS Number
40257456
Additional Details
Property Access
Paved Street
Basement
Block
Building
2,378 square feet, 2 total units, Built in 1912, Style: 2 Story
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