4089 TUXEDO ST Detroit, MI 48204

Great investment opportunity includes the home and 4 adjacent lots. Addresses include 4067, 4071, 4075 & 4083 Tuxedo. Sale contingent on buyer/seller executed development arrangement. 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.