15394 Freeland Street, Detroit, MI 48227 2911

Property Description

Great investment opportunity! Welcome to 15394 Freeland St, a solid brick 3-bedroom, 1-bath bungalow located in Detroit's Bethune Community. This property offers excellent potential for both homeowners and investors seeking value and long-term upside in a stable residential neighborhood. The home features a traditional layout with spacious living areas, ample natural light, and well-sized bedrooms. The brick exterior provides durability and classic curb appeal, while the interior offers a strong foundation ready for renovation and customization. Situated on a residential block with a mix of occupied homes and ongoing improvements, the area continues to show steady demand and revitalization. Conveniently located near schools, parks, shopping, and major roadways, with easy access to Downtown Detroit and surrounding areas. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal to DLBA, including intended use and renovation timeline, proof of funds, detailed scope of work with cost breakdown, and documentation of prior renovation projects (addresses and photos). Buyers are encouraged to review applicable Neighborhood Framework Plans published by the City of Detroit Planning and Development Department (PDD) for additional neighborhood context. DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This provision may be incompatible with certain tax abatements or lot combinations. Waiver requests are reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to DLBA review of project financing and development pro forma. Property sold as-is. Buyer to verify all information. Ideal opportunity for investors, rehabbers, or owner-occupants looking to renovate and add value in Detroit's Bethune Community.