Description

This single family 5 bedroom home features Bay Windows and a Wrap Around Porch. This is a great opportunity in the Historic Woodbridge neighborhood located in the City of Detroit. The buyer must include plans for rehabbing the home. The seller is the Detroit Land Bank Authority. 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. BATVAI all Offers due by November 15th 2019.