2303 FORD Street Detroit, MI 48238

Great for experienced investors. This building contains 4 apartments each unit with 1 bedroom 1 bath. The seller is the Detroit Land Bank Authority. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the Construction Costs. 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 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. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. Please see attached documents for requirements. BATVAI