2116 MONTCLAIR STREET

This 3 bedroom 1.5 bath investment opportunity is located near the popular East Village, just east of Indian Village and spans from Fischer Street to Cadillac Boulevard and from East Jefferson to Mack. Property is commercially zoned and will support a range of commercial uses. This village has a number of smaller homes in various architectural styles. 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.