Huge brick colonial on a large lot. Come see the latest offering from the Detroit Land Bank Authority. Needs full rehab. Sale includes vacant lot next door at 1409 Webb, zoned R-5. Plenty of space to build another structure or multiple structures. Lodge Freeway access could make this property a good bargain for the right individual. 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 guidelines
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