3917 16th St, Detroit, MI 48208, Detroit, MI

Welcome to the latest offering from the Detroit Land Bank Authority. This 4 bedroom aluminum sided colonial is located in the up and coming “Core City” Neighborhood within a stone’s throw of motor city casino and within 4 miles of the newly renovated Detroit Train Station. This area is primed for extensive growth. This property also includes the adjacent lot located at 3919 16th st. as well. 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/or 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.