3106 Canton St, Detroit, MI 48207 2542

Description

Five Contiguous Lots sold as a bundle (6913 Benson, 6917 Benson, 6921 Benson, 3106 Canton, and 3102 Canton), approximately 0.13 total acres. These must be purchased together and cannot be split. Zoned residential, the property provides excellent potential for a new build/infill development opportunity. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter) 3. Scope of Work (breakdown of renovation costs) 4. Proof of Previous Projects: (include addresses and photos). Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.