Great investment opportunity in the East English Village Subdivision. This home would make a great single family with over 2,4000 square feet or keep as a 2 family flat. Sale contingent on buyer/seller executed development agreement. 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.
05055-Det Con-Mors/Grat. Hstn/7 Mack
EASTERN HEIGHTS LAND COS SUB (PLATS)
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