Description
INVESTOR SPECIAL! Detroit brick bungalow located in the Morningside neighborhood with two bedrooms and one and a half bathrooms. Conveniently located near expressway and Chandler Park. Needs complete rehab & is being sold "as-is. This Bundle includes 5235 Nottingham, 4874 Berkshire, 5229 Nottingham. Total purchase price is $23,800. Must be bought together. Please note that the DLBA 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.
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2BEDS
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0.1ACRES
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1BATHS
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11/2 BATHS
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1,198SQFT
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$8$/SQFT
Description
INVESTOR SPECIAL! Detroit brick bungalow located in the Morningside neighborhood with two bedrooms and one and a half bathrooms. Conveniently located near expressway and Chandler Park. Needs complete rehab & is being sold "as-is. This Bundle includes 5235 Nottingham, 4874 Berkshire, 5229 Nottingham. Total purchase price is $23,800. Must be bought together. Please note that the DLBA 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.
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