12451 Racine Street
Detroit, MI 48205
Single Family Residence · MLS # 20261084022 · Listing courtesy of RCH Brokerage Legacy Inc
About this home
Calling all investors. This property is zoned R1 and is located in Detroit's LaSalle College Park neighborhood. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA 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 abatement 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 abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.
Interior
Systems and utilities
Exterior and lot
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Schools
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes when listed. Ask us for a lender quote.
Location
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