Description

Welcome to this multi-family quad building offering from the Detroit Land Bank Authority. Four 2 bedroom units just ready for your renovation touches. Property needs a full rehab and all buyers are required to follow DLBA offer guidelines in order to purchase. Property includes adjoining vacant lot at 3761 Glynn Ct. 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 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