Three-Unit styled town homes, have 3 bedrooms 1 bath per unit. Three units are row houses and the other two attached addresses are 5208 and 5216 Mitchell. Severe damage sustained to rear exterior wall. Inspector estimated rehab is $318,130 ($106,043 per unit). 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 abatements and lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
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