Description
Welcome to the latest offering from the Detroit Land Bank Authority. 3 bedroom frame bungalow in need of a ton of work. Lucky for you it is being sold in a 3 home bundle with homes on the same street for one set price. Sale includes 14390 and 14531 Lappin all for this set price. Homes will not be sold separately. 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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3BEDS
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0.1ACRES
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1BATHS
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01/2 BATHS
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956SQFT
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$21$/SQFT
Description
Welcome to the latest offering from the Detroit Land Bank Authority. 3 bedroom frame bungalow in need of a ton of work. Lucky for you it is being sold in a 3 home bundle with homes on the same street for one set price. Sale includes 14390 and 14531 Lappin all for this set price. Homes will not be sold separately. 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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