2187 Concord Ave Detroit, MI 48207

This charming 2-story apartment building, constructed in 1913, presents a unique investment opportunity in Detroit, Michigan. Situated on a 0.11-acre lot at 2187 Concord Ave, in Wayne County, zip code 48207, this single-building property is zoned residential. The asking price is $5,000. Potential buyers should be aware that the Detroit Land Bank Authority (DLBA) retains tax capture rights for five years post-sale. This tax capture may conflict with other available tax abatements. The DLBA will consider waivers of these rights, potentially requiring a payment in lieu of taxes, determined by a review of the development plan and the impact of any tax abatement on financing. The property is sold "as is," where is. Further details regarding DLBA guidelines and offer submission are available in accompanying documentation.