Description

Welcome to Nardin Park subdivision. Looking for a buyer to rehab this 4 unit multi-family home. Property zoned R3.Buyer must submit a proposal to purchase, including construction plans & financing plan w/ Proof Of Funds or Pre-App letter on a new construction loan. 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 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 abatement on the purchase and development financing. Please see attached documents for DLBA requirements.