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2 baths | 2,506 sqft | MLS# 20221048786
Sold
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Great Investment Opportunity on This 2, 3 Bedroom Colonial. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.
Full Baths: 2 Style: Colonial School District: Detroit County: Wayne Status: Sold Listing Type: Multifamily Stories: 2 Story Heating: Forced Air
Garage: Yes Sewer: Public Sewer (Sewer-Sanitary) Exterior: Brick Directions: S. of Webb, W. of John C. Lodge
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor City Center Realty, LLC shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd, by Natasha C Richards via Bellabay Realty Tri Counties and Realcomp II Ltd, ©2024 Realcomp II Ltd. Shareholders
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