8034 GEORGIA ST Detroit MI 48213 MLS #20250023219

Welcome to the latest offering from the Detroit land Bank Authority. 4 unit Brick Quadruplex located in a growing neighborhood on the East side of Detroit. Each unit has 2 bedrooms and one bath. The property needs a major rehab and has been mostly gutted and prepped for renovation. Sale also includes a vacant lot located at 8024 Georgia. 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