7207 HARPER AVE Detroit MI 48213 MLS #20230053161

Here’s your chance to invest in the City of Detroit! Check out the latest offering from the Detroit Land Bank. This spacious lot is located right next to the freeway off Harper. This bundle includes 7215 Harper, 7219 Harper, and 7223 Harper which must be purchased together. Total listing price is $12,500. 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.