Description
4 unit apartment building owned by the Detroit Land Bank. Property is located in an up and coming development area. Less than a mile from old Packard automotive plant. Property is in need of extensive repair. Be wary of trip hazards as you view the property. Included in the sale are the following vacant lots. 1306 E Grand Blvd, 1312 E Grand Blvd. Easy lock box showings. All showings to be accompanied by licensed agent.
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 purhcaser. 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.
Map
IDX provided courtesy of Realcomp II Ltd. via site owner and the originating MLS listed above, ©2020 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: 25th January, 2021 9:41 AM
