1571 ASH Detroit, MI 48208

Build your dream home or a multi-family development to suit. Subject property is eligible for the Neighborhood Enterprise Zone tax abatement and Opportunity Zone financing. The seller is the Detroit Land Bank Authority. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development and financing plan with proof of funds or a pre-approval letter on a new-construction loan. 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 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 $5,000 in addition to the purchase price. The waiver may be granted at closing or any time thereafter upon payment by purchaser. BATVAI