1990 MEADE Street

DESCRIPTION

Welcome to the latest offering from the Detroit Land Bank Authority. 3 bedroom frame bungalow on a quiet street just ready for your renovation touches. The following vacant lots are also included in the sale. 2002 Meade, 2008 Meade, 2014 Meade, 2020 Meade, 2026 Meade, 2038 Meade, 2032 Meade Property needs a full rehab and all buyers are required to follow DLBA offer guidelines in order to purchase. 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. Please refer to DLBA proposal