7007 Medbury Street is a $5,000, 4,795 square foot, 8 bedroom, 4.0 bath home on a 0.07 acre lot located in Detroit, MI.
This property is sold with the adjacent vacant lot 5908 Helen. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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. See attached documents for DLBA requirements and offer submission information.
|Above Grade Sqft||4,795|
Zoning - Residential
Brewers Sub (Plats)
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