2069 CLARKDALE ST Detroit, MI 48209

Great investment opportunity in a great area! Property needs a full rehab top to bottom, but don't let that scare you away the right investor will certainly turn a profit. This home is located in the heart of Mexican Village, close to shopping, dining, parks, schools and major free-ways. The opportunities are endless. Sale contingent on buyer/seller executed development agreement. 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.