7400 Wykes Detroit, MI 48210

Great Investment Opportunity within a stone's throw of the Aviation sub! Brick Multi-Family offers 4, 2 bedroom units. 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. The Detroit Land Bank Authority advises all potential applicants that it is selling these properties “as is, where is, with all faults” with no representations or warranties of any kind. Applicants are advised to conduct their own careful inspection, particularly with regard to the anticipated cost to make the repairs.