Courtesy of: Erick Monzo, Keller Williams Realty-Great Lakes, erick@monzogroup.com
Courtesy of: Erick Monzo, Keller Williams Realty-Great Lakes, erick@monzogroup.com
$80,000
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2 bed
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2.00 Bath (1 Full , 1 Half)
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Condominium
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$80,000
7250 Saint Paul Street Brick Condo Opportunity in the Islandview Neighborhood – Detroit Land Bank Owned Fantastic opportunity to restore this Brick Condo in the Islandview neighborhood of Detroit. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos) Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.
Courtesy of: Erick Monzo, Keller Williams Realty-Great Lakes, erick@monzogroup.com
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