18620 Maine Street

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Source: MiRealSource

Originating MLS: MiRealSource

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RC292343

Great investment opportunity in the Northeast Central District and awaiting your vision. Offered by the Detroit Landbank Authority, this home is a 3 bedroom bungalow included with the vacant land, 18610 Maine that is 5271 square feet. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal (not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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. be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development.

Property Information

Property Details

Location

Address

18620 Maine Street

County

Wayne

City

Detroit

Zip Code

48234 1478

Subdivision

Leland Highlands (Plats)

School District

Detroit City School District

MLS Area

Detroit (82001)

Listing provided by Bellabay Realty Tri Counties, (248) 274-6614

Interior Features

Beds and Baths

Bedrooms

Full Bathrooms

Building

Building Information

Square Feet

889

Year Built

1950

Stories

Construction

Vinyl Siding

Foundation

Basement

Financial

Special Conditions

HUD Owned

18620 Maine Street, Detroit, MI 48234 1478

Market Report for 48234 1478