2903 COCHRANE, DETROIT

  • Price$45,00
  • Square Footage62X100
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    Bill Swanson
    (313) 506-5471
    (313) 963-9891
    [email protected]

    North Corktown land. Seller is the Detroit Land Bank Authority (DBLA). Offers must address the questions/requirements in the attached doc, buyers must submit an app. to purchase, including construction plans or precedent architectural images of proposed development & financing plan with proof of $ or pre-approval letter on a construction loan. Offers are due by close of business on 3/18/2019 Proposals must include at least 2 housing units. Includes 2903 Cochrane & 1716 Temple. lots combined are 62X100 The DBLA 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 to waive its right to the tax capture for purchasers seeking such tax abatements for a payment of $10,000 in addition to the purchase price.