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… Read More review of the development pro forma and financing. 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 Next Level Realty & Investments, 734-506-0076, the brokerage and MiRealSource Shareholder that originated the listing.
Listing Snapshot
Days Online
72
Last Updated
Property Type
Multi-Family
Square Ft.
2,170
Lot Size
0.1 Acres
MLS Number
60965763
Additional Details
Property Access
Paved Street
Basement
Block
Building
2,170 square feet, 2 total units, Built in 1912, Style: 2 Story
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
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Mortgage Calculator
Monthly Payment
$0
(Source: Home Junction)
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