Welcome to the latest offering from the Detroit Land Bank Authority. This 2 bedroom frame colonial is located in the heart of up and coming Russell Woods. Be advised that this property needs a full rehab, but the upside is incredible. Bring your hard hat, your ideas and your tool belt. 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
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Listing By: Gene Kelley of Real Estate One-Southfield, Phone: 248-723-0055
