Description
Great Opportunity in Detroit's North End Community.Calling all investors! A completed restoration is needed. The Seller requires Proof of Funds to meet the estimated costs included with offer in order to purchase. Estimated rehab cost around $122,300 w/ siding or $262,657 w/brick. Please note that the DLBA 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 abatement 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 abatement on the purchase and development financing. BATVAI
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IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2022 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Updated: 5th June, 2023 9:48 AM (UTC)
Listing Agent: Leonard A Pickett III
Listing Office: RCH Brokerage Legacy Inc
