20228 PACKARD ST Detroit MI 48234 MLS #20240078468

Investor special on a THREE home bundle brought to you by the Detroit Land Bank Authority! These homes on Detroit’s eastside has a ton of potential and could easily be turned into a single family residence and/or income generating duplexs! THE ADDRESSES INCLUDED IN THIS BUNDLE ARE 20228 PACKARD, 20247 CARRIE, AND 20238 HELEN. THEY MUST BE PURCHASED TOGETER. TOTAL LISTING PRICE IS $24,000. Please note that the DLBA 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.