1554 Ash

DESCRIPTION

North Corktown land. Build a custom home or purchase this lot & 1548 Ash for 80' of frontage & develop a multi until project. The seller is the Detroit Land Bank Authority (DBLA). Offers must address all of the questions/requirements in the attached doc, buyers must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan with proof of funds or pre-approval letter on a construction loan. Offers are due on Fri, Jan 4th Note that the DBLA 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 that are otherwise available to the selected purchaser. DLBA will to waive its right to the tax capture for purchasers seeking such tax abatements for a payment of $5,000 in addition to the purchase price. The waiver may be granted at closing or any time thereafter upon payment by purchaser