MLS® ID: 219012847
Detroit, Michigan, 48216 $45,000
North Corktown land. Seller is Detroit Land Bank Authority (DBLA). Offers must address the questions/requirements in the attached doc, buyers must submit an app. to purchase, construction plans/precedent architectural images of proposed development & financing plan with proof of $ or pre-approval letter on a construction loan.
Offers are due 3/18/2019
Located in Neighborhood Enterprise Zone & Opportunity Zone’
Proposals must include 2+ housing units. Includes 2903 Cochrane & 1716 Temple. combined are 62X100
The DBLA 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 that are otherwise available to the selected purchaser. DLBA will to waive its right to the tax capture for purchasers seeking such tax abatements for a payment of $10,000 in addition to the purchase price. The waiver may be granted at closing or any time thereafter upon payment by purchaser.