3243 TUXEDO Street Detroit, MI 48206

This brick 2 family home features 2 bedrooms and 1 bath per unit. It is part of a bundle of 4 homes(3262 Tuxedo, 3236 Tuxedo, 3200 Tuxedo)=Totaling $20,000. Not sold separately. 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 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.' BATVAI