Investment Opportunity: 4-Bedroom Brick Colonial in Detroit

Investment Opportunity: 4-Bedroom Brick Colonial in Detroit

Welcome to this exciting opportunity from the Detroit Land Bank Authority! This 4-bedroom brick colonial offers a unique chance to transform a newer construction property into a stunning gem with the right vision and renovation efforts.

Property Overview

Nestled in a desirable area, this spacious home is primed for a full rehabilitation, providing you with a blank canvas to create your dream residence or a valuable investment property. The potential is immense, and with thoughtful updates, this colonial can shine once again.

 

 

Important Tax Information

Please note that upon transfer of ownership, the Detroit Land Bank Authority is entitled to a tax capture for five years. This tax capture may affect potential tax abatements or lot combinations available to the new owner. The DLBA is open to reviewing requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The specific amount will be determined based on the development proforma and the impact of any tax abatements on purchase and development financing. For more detailed information, please refer to the DLBA proposal guidelines.

Your Chance to Revitalize

This property represents a significant opportunity for investors or homebuyers willing to take on a project. With its solid brick construction and classic colonial architecture, the home has the potential to become a remarkable residence in a vibrant community.

Don’t miss this chance to invest in a property that, with the right renovations, can truly stand out. Schedule your viewing today and explore the possibilities that await!

 

 

From Zillow