DETROIT rent to own home - vacant land ( beds, baths)

Bundled w/ 1946 Alexandrine, 4108, 4116, 4124 Vermont=$135, 000.Not Sold Separately.Building should define space in meaningful way.It shoul be designed to complement community.Provide a diverse residential stock and density at a variety of procedure of price points, ownership types (i.e rent, own), housing types.Densities shall support opportunities for neighborhood commercial investments and jobs creation, stimulating growth in local economy.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 and lot combinations 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.Please see attached docs to submit offer.This rent to own home is vacant land located in DETROIT. It offers 0.06 acres in size, beds and baths. Review its detailed information and determine if this DETROIT rent to own has the qualities...

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Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

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