Great opportunity for experienced investor. This property is zoned R2 and located in Detroit's Joy-Schaefer neighborhood. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. The Tax Capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.
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Last Updated: . Source: REALCOMP
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Listing Agent: Leonard A Pickett III (#306589), Email: lpickettiii@rchlegacy.com
Listing Office: RCH Brokerage Legacy Inc (#350553)
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