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5957 Oldtown Street, Detroit
$32,000
4 Beds ⋅ 2 Baths ⋅ 60142772 MLS
4 Home Bundle Sale in the Cornerstone Village Neighborhood. 5957 Oldtown, 4700 Neff, 4880 Lodewyck and 5103 Neff included in this sale for the Total Price of $32,000 For All Four Homes. Excellent income property opportunity. Newer roof and many immediate upgrades to surrounding area. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. No Land Contracts. Buyer to have the property inspected as their is no property inspection report on file. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact broker with additional questions. See Additional Attachments for Offer Requirements. BTVAI & Sizes.

5957 Oldtown Street, Detroit

5045 Cadieux Road, Detroit
$30,000
3 Beds ⋅ 1 Baths ⋅ 60967163 MLS
What an opportunity to restore this 3 bedroom, brick bungalow, with a basement - right on the line of East English Village/Cornerstone Village! Detroit Land Bank Owned. 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.

5045 Cadieux Road, Detroit

8481 E Outer Drive, Detroit
$30,000
3 Beds ⋅ 2 Baths ⋅ 60967235 MLS
Investor Special !! Property priced to sell. This is a perfect flip. Check out the as-repaired market values. This property boasts loads of potential but a vision, tools and handyman are required. Located on tree lined East Outer Drive in a stable area. Brick property with solid bones. 3 bedrooms, 1.5 baths, spacious first floor perfect for living and entertaining. There is plenty of room to roam. Natural fireplace and unique architecture. Pictures of the upper level are available. All measurements and data estimated and approx. Former squatters left water running in property causing some interior water damage. Stairs to upper level may not be safe. DO NOT USE ! Buyer's agent to verify all information. No electricity in the property. Take a flashlight. Buyer to pay Saturn Realty a $495 Administration fee at close.

8481 E Outer Drive, Detroit

3336 Monterey Street, Detroit
$30,000
4 Baths ⋅ 60939514 MLS
Discover an exceptional opportunity in the heart of one of Detroit's emerging neighborhoods! This 4-unit multifamily property with almost 5,000 square feet offers great potential. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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.

3336 Monterey Street, Detroit

1032 Marston Street, Detroit
$30,000
60400216 MLS
Welcome to your next investment opportunity, presented by the Detroit Land Bank Authority! This vacant lot is bundled with 1038 Marston- spacious colonial home offers 4 bedrooms and 1.5 bathrooms, making it an excellent investor special with strong potential. With classic architectural details and generous room sizes, this property is ready for your vision and renovation expertise. Located in a growing neighborhood, this home is a great addition to your portfolio. Don't miss out - schedule your showing today! This is a bundled listing and includes 1038 Marston! They must be purchased together. 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.

1032 Marston Street, Detroit

1038 Marston Street, Detroit
$30,000
4 Beds ⋅ 2 Baths ⋅ 60400220 MLS
Welcome to your next investment opportunity, presented by the Detroit Land Bank Authority! This spacious colonial home offers 4 bedrooms and 1.5 bathrooms, making it an excellent investor special with strong potential. With classic architectural details and generous room sizes, this property is ready for your vision and renovation expertise. Located in a growing neighborhood, this home is a great addition to your portfolio. Don't miss out - schedule your showing today! This is a bundled listing and includes 1032 Marston! They must be purchased together. 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.

1038 Marston Street, Detroit

14684 Mapleridge Street, Detroit
$29,900
3 Beds ⋅ 1 Baths ⋅ 61010335 MLS
This large Craftsman-style Detroit home combines SPACE, CHARACTER, and MAJOR renovations. Huge yard offers room to spread out, with adjacent city lots providing potential for an enormous outdoor footprint. Updates go FAR BEYOND COSMETICS: ALL NEW PEX plumbing, ALL NEW electrical, and an ALL NEW ROOF with original cedar shake removed, new decking installed, and the home fully reshingled. The main drain was replaced with PVC and an exterior cleanout. Inside, extensive drywall work has been completed throughout nearly the entire home, followed by FRESH PAINT THROUGHOUT. Ceramic tile in kitchen & double-vanity bath, original wood floors, newer windows, original stained glass, and fireplace add character. Some cosmetic work remains, but the BIG, EXPENSIVE WORK IS DONE. THIS IS NO SURFACE FLIP

14684 Mapleridge Street, Detroit

19182 Hickory Street, Detroit
$29,900
3 Beds ⋅ 1 Baths ⋅ 60994733 MLS
ATTENTION INVESTORS & REHABBERS! Opportunity awaits with this solid brick 3-bedroom bungalow featuring a spacious 2-car garage, full basement, functional floor plan, and classic brick exterior. This property is ready for a full renovation and is priced accordingly, offering plenty of potential for the right buyer. Whether you're looking for your next fix-and-flip, a potential cash-flowing rental, or a BRRRR project with an opportunity to renovate and build equity, this one deserves a look. Also a great option for a handy owner-occupant ready to bring their vision to life. Property is being sold AS-IS. Buyer to verify all information and measurements. Cash or hard money financing only. Bring your ideas, run your numbers, and make an offer!

19182 Hickory Street, Detroit

2707 Wreford Street, Detroit
$28,500
2 Baths ⋅ 60973181 MLS
This property is sold in a bundle with 2 vacant lots 2717 and 2721 Wreford. Not sold separately. Zoned R2. Both lots are $5000 each, totaling 38,500 for the bundle. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. 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 & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.

2707 Wreford Street, Detroit

5700 Townsend Street, Detroit
$28,500
6 Baths ⋅ 60345182 MLS
6-unit apartment building w/lots of potential. 4 units have 2 bedrooms, 2 units have 1 bedroom. Property needs work, but there is plenty of room to grow in this up and coming neighborhood. 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/or 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. Please refer to DLBA proposal guidelines.

5700 Townsend Street, Detroit