Bring your hard hat and let's bring your vision to life with this apartment building offering over 9,690 square feet, 3 stories and located in East village. This great investment opportunity is located minutes from Eastern Market, Indian Village and Downtown Detroit at an amazing price. Sale contingent on buyer/seller executed development agreement. 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.
