3236 TUXEDO Street Detroit, MI 48206

This property features 2 units each with 3 bedrooms and 1 bath. It is part of a bundle of 4 homes(3243 Tuxedo, 3262 Tuxedo, 3200 Tuxedo)=20,000.Not sold separately.A completed restoration is needed. The Seller requires proof of funds to purchase. An estimated cost of renovation along with proof of funds to meet the estimated costs will also need to be included with offer. Buyer will need to provide proof of their ability to complete this type of project. 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 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