Description
Great investment opportunity, 3 properties for the price of 1! Subject address is included as part of a 3 property bundle sale totaling$15,000. Addresses include 9031, 9033 Lawton. Close to major freeways and more! Homes will not be sold separately, No Exceptions!Each deed shall represent a sale price of $5,000 per property. Sale contingent on buyer/seller executed development agreement. Pleasenote that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of theproperty. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selectedpurchaser. 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 anddevelopment financing.
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2BEDS
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0.02ACRES
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1BATHS
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01/2 BATHS
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1,092SQFT
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$5$/SQFT
Description
Great investment opportunity, 3 properties for the price of 1! Subject address is included as part of a 3 property bundle sale totaling$15,000. Addresses include 9031, 9033 Lawton. Close to major freeways and more! Homes will not be sold separately, No Exceptions!Each deed shall represent a sale price of $5,000 per property. Sale contingent on buyer/seller executed development agreement. Pleasenote that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of theproperty. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selectedpurchaser. 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 anddevelopment financing.
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