4822 Sheridan St, Detroit, MI 48214

Property Description

THIS BUNDLE INCLUDES 4822 SHERIDAN, 4834 SHERIDAN, 4830 SHERIDAN, AND 4816 SHERIDAN AND MUST BE PURCHASED TOGETHER. TOTAL LISTING PRICE IS $14,900. Check out this latest offering from the Detroit Land Bank Authority located within the Gratiot-Grand neighborhood. These lots are located directly across the street from Dueweke Park. 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.