Description

Development opportunity!! Presenting the latest offering from the Detroit Land Bank Authority. 2 family flat needing extensive rehab. Enter at your own risk! parcel includes additional lots at 13102 Mackay, 13108 Mackay and 13120 Mackay. The home and lots all for one low price. Bring your offers today! 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 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. Offer deadline 11/1/21. Currently negotiating offers!