5151 VAN DYKE STREET

Welcome to the latest offering from the Detroit Land Bank Authority. Presenting large brick 2 family flat. Property has extensive fire damage. Please show with caution. Take a flashlight Be advised that this property also includes 2 vacant lots located to the rear of the property. 5148 Seyburn and 5154 Seyburn are also included as part of this sale. 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 guidelines.