Detroit, MI 48215
MLS# 20261057019
This property is sold in a bundle with 4 vacant lots 1528, 1514, 1522 Gray and 1508 Gray totaling 20,128 sqft. Not sold separately. All lots sold together for 30k. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. Also include plans for the vacant lots with sketches and financing. 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 abatement 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 abatement on the purchase and development financing. See attached documents for guidelines and submission instructions. BATVAI
Listed by Leonard A Pickett · RCH Brokerage Legacy Inc
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$30/mo
$1,200 down · $4,800 financed
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
