Bring your hard hat and vision because this one is a winner. Down to the studs and waiting for that savvy investor. Located in popular Virginia Park, near Henry Ford Hospital and Motown Museum developments, entertainment and minutes from the downtown area. You don't want to miss this opportunity! House needs a complete rehab. 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.
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Last Updated: . Source: REALCOMP
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Listing Agent: Natasha C Richards (#292343), Email: natasharichards@comcast.net
Listing Office: Bellabay Realty Tri Counties (#385913)
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