Property Description

Welcome to the latest offering from the Detroit land Bank Authority. Come take a look at this 2 unit brick multifamily in the Ravendale subdivision. This homes definitely needs some work, but with the right amount of TLC can prove to be a viable investment opportunity. 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/or 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

Property Features

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