$20,500

Welcome to the latest offering from the Detroit land Bank Authority. Calling all investors. We give you a rare opportunity own 2 homes on one lot. 3 Bedroom brick colonial on the street and a 2 bedroom ranch in the back where the garage would be. Both homes need total rehab, but it could make for a great investment. Live in one and rent out the other. Bring your ideas and your hard hat and lets get to work. 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/or 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. Please refer to DLBA proposal guidelines