Description

Welcome to the latest offering from the Detroit Land Bank authority. 3 bedroom frame bungalow, in need of extreme rehab. Show with caution due to potential unstable interior structure. Vacant lots 13444, 13466, 13456, 13474 and 13448 Sparling are also included in the sale. 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/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase