Description
Bring your hard hat and bring this 4 bedroom historic gem back to life! The property is located in the local Atkinson Avenue Historic District, and the purchaser will need to obtain approval from the Detroit Historic District Commission for changes affecting the exterior appearance of the property.Purchasers will need to obtain Detroit Historic District Commission approval for all major exterior improvements. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal (not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 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.
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4BEDS
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0.12ACRES
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1BATHS
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11/2 BATHS
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1,624SQFT
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$37$/SQFT
Description
Bring your hard hat and bring this 4 bedroom historic gem back to life! The property is located in the local Atkinson Avenue Historic District, and the purchaser will need to obtain approval from the Detroit Historic District Commission for changes affecting the exterior appearance of the property.Purchasers will need to obtain Detroit Historic District Commission approval for all major exterior improvements. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal (not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 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.
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IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri Counties: (248) 274-6614 and Realcomp, ©2025 Realcomp II Ltd. Shareholders.