Great Opportunity outside of Russell Woods. This Brick Building features 4 separate units. Buyer must submit an estimated cost of renovation and proof of funds to meet the estimated costs. The seller also will require proof of the Buyer's ability to complete this type of rehab. 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 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.’ BATVAI
This $40,000 property has approximately 6,934 square feet and was built in 1946. This home is located in the Detroit school district. Properties located in the Detroit district have an average price per square foot of $34/SqFt. Houses with similar square footage range in price from $10,000 to $45,000 and have an average price per square foot of $5/SqFt. Depending on where you live in Detroit your children and/or teenagers may go to the Detroit school district, Lincoln Consolidated school district, or Hamtramck school district.
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