18273 GRAYFIELD Street Great investment opportunity on this Old Redford bungalow waiting on you to bring it back to life! Located within walking distance to Telegraph, shopping and dining. This home is down to the studs, yet clean! 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 abatements 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 abatements on the purchase and development financing.