2903 RICHTON Street, Detroit, MI$40,000
Harry A. Ackley
Phone: (734) 453-6800
Cell: (313) 268-5000
hackley@cbwm.com

Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
MLS#:218119986
Year:1946
SQ Feet:6,934
Golf Course:
Status:Active
Building(s):1
Units:0
Property View:
Water Front:No

Great Opportunity outside of Russell Woods. This Brick Building features 4 separate units. Buyer must submit an estimated cost of renovation and proof of funds to meet the estimated costs. The seller also will require proof of the Buyer's ability to complete this type of rehab. 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


Updated: 05/18/2019
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