Description
Vacant brick structure on a large lot. Located on Detroit's westside near the expressway. Zoning is M4. This building is spanning on two parcels. The roof is completely gone but the structure is good. 8809 Epworth & 8817 Epworth must be purchased as a bundle. Total purchase price is $5000. 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. Please refer to DLBA proposal guidelines.
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
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3,485SQFT
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$1$/SQFT
Description
Vacant brick structure on a large lot. Located on Detroit's westside near the expressway. Zoning is M4. This building is spanning on two parcels. The roof is completely gone but the structure is good. 8809 Epworth & 8817 Epworth must be purchased as a bundle. Total purchase price is $5000. 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. Please refer to DLBA proposal guidelines.
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