Welcome to the latest offering from the Detroit Land Bank Authority. Brick/stucco bungalow located in the Russell Woods subdivision requiring major rehab. Filled with debris. Show at your own risk. 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 Agent: Gene Kelley II
Listing Office: Real Estate One-Southfield