MLS # 20221066341, Listed by RCH Brokerage Legacy Inc|(248) 440-22683196 Lockwood Street is a $5,000, 2,000 square foot, 5 bedroom home on a 0.10 acre lot located in Detroit, MI.
Great for experienced investors. 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. Please see attached documents for DLBA guidelines.
| Above Grade Sqft | 2,000 |
| Heating Types | Hot Water Gas |
| Exterior Features | Transaction Type (Commercial) - Sale Road Frontage Type (Commercial) - Paved |
| Construction Types | Wood Basement Poured |
| Land Type | Zoning - Residential Settlement - City |
| Property Type | Family-Less Than 1/2 Acre |
| Property Sub Type | Commercial Type - Real Estate Only |
| Style Characteristics | 1 1/2 Story |
| Year Built | 1905 |
| Association Fee | $0.00 |
| Taxes | $0.00 |
| County | wayne |
| School District | detroit |
| Neighborhood | Mc Millans & Whitings Sub Of O L 44 |
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