Detroit MI Real Estate & Homes for Sale

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$450,000

405 W SAVANNAH Street Detroit, MI 48203

Beds:
45
Baths:
30.00
Sq.Ft.:
20,362
Status:
Active
MLS#:
20240025026
Type:
Multi-Family
Subdivision:
PARKSIDE
Lot size:
0.22 Acres
Year built:
1929
A broker reciprocity listing Courtesy: @properties Christie's Int'l R.E. Detroit
View additional info

This is a great opportunity to be part of the revitalization of Detroit/Highland Park! This 30-unit apartment building is located off Woodward Avenue, walking distance to Palmer Park and the Detroit Golf Club. Both I-75 and M-8 (Davison) are less than a 5 minute drive from the property. needs total rehab. totally vacant. bring all offers. BATVAI.

$89,000

15869 STANSBURY Street Detroit, MI 48227

Beds:
3
Baths:
1.00
Sq.Ft.:
1,157
Status:
Active
MLS#:
20240021757
Type:
Single Family
Subdivision:
PURITAN UNIVERSITY ( PLATS )
Lot size:
0.1 Acres
Year built:
1928
A broker reciprocity listing Courtesy: Home Source Realty LLC
View additional info

This recently updated 3-bedroom colonial sits on a welcoming block with fellow homeowners. Ready for move-in, it features elegant formal living and dining rooms. The kitchen, complete with a breakfast nook and serving hatches, is perfect for gatherings. Across the street, a charming community garden adds to the appeal. Don't pass up the chance to make this community-oriented residence your new home. Schedule your viewing today!

$70,000

9311 BEDFORD Street Detroit, MI 48224

Beds:
3
Baths:
1.00
Sq.Ft.:
1,170
Status:
Active
MLS#:
20240021754
Type:
Single Family
Subdivision:
MORANGS THREE MILE DR ANNEX SUB (PLATS)
Lot size:
0.09 Acres
Year built:
1936
A broker reciprocity listing Courtesy: Home Source Realty LLC
View additional info

***INVESTORS*** This is your opportunity to invest in this beautiful 3 bedroom brick colonial, where a dependable long-term tenant currently occupies this property, offering a steady monthly income of $1050/month. This tenant has a strong payment history and is on a month-to-month lease, providing flexibility. Property has Certificate of Compliance and pass lead inspection. Please note that pictures were taken before the tenant moved in. The property is being sold "as is" with the tenant in place, and ***showings are available by appointment with an accepted offer. Please respect the tenant's privacy and do not disturb.*** Your path to secure, reliable income begins here"don't miss this investment opportunity!

$139,000

13990 SUSSEX Street Detroit, MI 48227

Beds:
3
Baths:
2.00
Sq.Ft.:
1,500
Status:
Active
MLS#:
20240025013
Type:
Single Family
Subdivision:
HAMPTON ROADS
Lot size:
0.11 Acres
Year built:
1952
A broker reciprocity listing Courtesy: Real Estate One-Dbn Hts/Dbn
View additional info

Fantastic all brick bungalow with a huge fenced back yard and deck for you to enjoy your summer nights! This is a turnkey property where everything has been done for you including new carpet refinished hardwood floors, granite countertops, ceramic tile in both bathrooms and a natural fireplace for those cold winter nights. The primary bedroom is upstairs and where else in this price point will you get an ensuite with your master bedroom and a huge walk in closet with plenty of storage for all four seasons. It will be impossible to find I assure you!!!! You have a partially finished basement that's huge and you could potentially add another 1k sq ft of living space to your home depending on what you decide to do with it whether it's band practice a man cave or an arcade room for the kids to play and enjoy but the possibilities are truly endless with this one. So call your agent today and schedule a showing before it's gone and you regret it!! Thank you for showing a Real Estate One listing!!

$225,000

16137 PARKSIDE Street Detroit, MI 48221

Beds:
4
Baths:
2.50
Sq.Ft.:
1,763
Status:
Active
MLS#:
20240024711
Type:
Single Family
Subdivision:
ZOOLOGICAL PARK
Lot size:
0.1 Acres
Year built:
1929
A broker reciprocity listing Courtesy: @properties Christie's Int'l R.E. Birmingham
View additional info

As you approach 16137 Parkside, an enchanting 1929 brick Tudor nestled in the vibrant Martin Park neighborhood of Detroit, the unique architectural brick design and slate tile accents immediately catches your eye, hinting at the craftsmanship within. Stepping inside, you're greeted by the warmth of natural light filtering through the original leaded front glass windows, casting a soft glow on the beautiful brick woodburning fireplace. You'll notice the elegance of past artisans with the textured walls and design.Through the living room under an elegant archway you'll enter the stately dining rm, that leads to the heart of the home--the kitchen. Recently refreshed with stainless steel appliances, new countertop and stainless sink, retaining its classic charm while offering modern convenience. Sun-filled breakfast room. Additionally, the first floor offers two well-proportioned bedrooms, full bath.Ascending the staircase, the expansive primary bedroom awaits, offering a peaceful retreat w/walk-in closet and ample space. Appealing alcove with uniquely crafted leaded glass window. 2nd bedroom with large closet completes upper level. The bathrooms, adorned with original Detroit Tile, add a touch of nostalgia and character to the home. Lower level offers a partially finished basement including large laundry room with new washer, dryer, storage, workshop, utility room. Adjacent half bath. With a poured foundation, this home is built to last, a testament to its quality and durability.Stepping outside to the spacious backyard, where a brick patio invites you to imagine summer barbecues and more. Two-car garage.You'll appreciate the home's location close to the University District, Livernois corridor feat shops and restaurants, UD Mercy, and DGC.This wonderful home was lovingly maintained by the same owners for over 60 years.Noteworthy recent updates include new roof, new windows and freshly painted.Don't miss your chance to own this exquisite home in one of Detroit's most sought-after neighborhoods.

$249,900

17196 PRAIRIE Street Detroit, MI 48221

Beds:
3
Baths:
1.50
Sq.Ft.:
1,793
Status:
Active
MLS#:
20240006554
Type:
Single Family
Subdivision:
JOHN M DWYERS ACRES
Lot size:
0.14 Acres
Year built:
1948
A broker reciprocity listing Courtesy: Match Realty LLC
View additional info

This Bagley Colonial was completely renovated in 2018. Sits on a quiet block, with many well kept homes, and many of the neighbors have been here for decades. Walking distance to all the Livernois strip has to offer with many restaurants and shopping in Detroit's Fashion District. Updates include Newer Roof, New Furnace and Central air, energy efficient thermostat, and all Entry Doors replaced in 2018. New insulation in 2023. Some of the Windows are Original Fenestra Steel Windows(made here in Detroit) and have been encased in Aluminum for low maintenance. Includes a full house security system with cameras. Kitchen completely remodeled with Granite, and Black Stainless Steel Appliances. Foyer and Half Bath have real Tin Ceilings. Natural wood burning Fireplace with Mosaic Tile. New Plumbing and Electric Edison Fixtures Throughout. Refinished/New Hardwood Floors Throughout. Whole House Generator installed in 2022 included with sale. Top that off with a large backyard and private patio and well maintained gardens. All Appliances included.

$106,800

8611 WESTWOOD Street Detroit, MI 48228

Beds:
3
Baths:
1.00
Sq.Ft.:
900
Status:
Active
MLS#:
20240026199
Type:
Single Family, Ranch
Subdivision:
SLOANS PARK DRIVE (PLATS)
Lot size:
0.12 Acres
Year built:
1945
A broker reciprocity listing Courtesy: Community Choice Realty Inc
View additional info

(((oh))) W(@)W - - LOOK ! Finally I can discover the future of smart investing witha great TURNKEY investor special in the BOOMING city of Detroit: Certified, Rented and VERY Profitable!If you are looking for a hassle-free and lucrative investment opportunity in one of the world's top property markets, this is the deal for you. This property features:A SECTION 8 Tenant - paying $1,295 per month, giving you a secure and steady income stream.3 bedrooms with 1 BathroomA Fully CERTIFIED and UPDATED property - meeting all the city and section 8 standards, saving you time and money on repairs and inspections.A prime location in Detroit, a city that is experiencing a remarkable economic and cultural revival, attracting businesses, tourists and many new residents.With this property you won't have to do anything but collect the rent checks. NO SHOWINGS WITHOUT AN ACCEPTED OFFER. DO NOT DISTURB TENANTS.CONTACT US TODAY TO MAKE THIS PROPERTY YOURS!

$249,900

15858 Linwood Street Detroit, MI 48238

Beds:
6
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024019189
Type:
Multi-Family
Lot size:
0.1 Acres
Year built:
1924
A broker reciprocity listing Courtesy: Compass Realty Group
View additional info

Here's the perfect way to start your Real Estate Empire. Live in one and rent the other to help make your payments. Owner occupied should result in a more favorable lending arrangement, may qualify for FHA financing, check with your lender. Come see this renovated duplex that consist of 3 Bedrooms and 1 baths. Each unit is generous in size. Updating consists of new windows throughout, light bright kitchen with tile floor, updated baths with tile flooring. Wood like flooring in formal dining and living room. Each bedroom with carpet. Each unit with new furnace, water heater and A/C! Remodel also included new roof and siding. Includes a large side lot that is fenced with a wood gate access if you wish to park inside or maybe start a garden, plenty of room for kids to play.

$49,900

19163 PATTON Street Detroit, MI 48219

Beds:
2
Baths:
1.00
Sq.Ft.:
846
Status:
Active
MLS#:
20240024954
Type:
Single Family, Ranch
Subdivision:
FELDMAN & FELDMANS EVERGREEN MANOR
Lot size:
0.11 Acres
Year built:
1941
A broker reciprocity listing Courtesy: City Center Realty LLC
View additional info

$97,500

2058 CLAIRMOUNT Street Detroit, MI 48206

Beds:
4
Baths:
2.50
Sq.Ft.:
2,854
Status:
Active
MLS#:
20240025417
Type:
Duplex, Multi-Family
Subdivision:
JOY FARM SUB (PLATS)
Lot size:
0.11 Acres
Year built:
1919
A broker reciprocity listing Courtesy: Berkshire Hathaway HomeServices The Loft Warehouse
View additional info

Investors look no further than right here! PRIME LOCATION!This 2 unit property is an excellent rehab opportunity, this diamond in the rough sits between the historic Boston Edison and Lasalle Gardens/Virginia Park neighborhoods and New Center-Midtown area. Right around the corner from THE CONGREGATION DETROIT, minutes from downtown Detroit and right around the corner from Henry Ford Hospital. You can rent both units or live in one and rent the other. Full rehab and clean-out need on this one bring you imagination! This is a CASH ONLY OFFER, SOLD AS IS, all offers must have proof of funds attached. Buyers agent must be present for all showings.

$125,900

9990 WARWICK Street Detroit, MI 48228

Beds:
3
Baths:
1.00
Sq.Ft.:
957
Status:
Active
MLS#:
20240021249
Type:
Single Family
Subdivision:
PALMER GROVE PARK NO 1 (PLATS)
Lot size:
0.13 Acres
Year built:
1944
A broker reciprocity listing Courtesy: Real Estate Management Specialists Inc
View additional info

BEAUTIFUL AND COZY BUNGALOW!! THIS HOME FEATURES 3 BEDROOMS, BATHROOMS, KITCHEN, DINING ROOM, HARDWOOD FLOORS, LARGE MASTER BEDROOM WITH BATH, PARTIAL FINISHED BASEMENT WITH BATH, VERY SPACIOUS LIVING ROOM!!! BUYERS AGENT TO VERIFY ALL DATA, BUYER TO PAY A COMPLIANCE FEE OF $695.00 PAYABLE TO LISTING BROKER No virtual showings; a licensed agent must physically accompany with buyers.

$80,000

18401 ROSEMONT Avenue Detroit, MI 48219

Beds:
3
Baths:
1.00
Sq.Ft.:
1,200
Status:
Active
MLS#:
20240024948
Type:
Single Family
Subdivision:
EMERSON MANOR (PLATS)
Lot size:
0.09 Acres
Year built:
1950
A broker reciprocity listing Courtesy: EXP Realty LLC
View additional info

Welcome to this charming 3 bedroom, 2 bathroom brick bungalow including a great dining room space, as well as a large sunroom off of one of the bedrooms. 2 bedrooms are located on the main floor and their is an upstairs bedroom as well. This home needs updates, but is in a beautiful, growing community. This Rosemont property is located just a couple blocks from Wayne County Community College campus & commons. The home is surrounded by beautiful parks as well. Call Helen to schedule a showing today!

$90,000

15391 Hartwell St Detroit, MI 48227

Beds:
3
Baths:
2.00
Sq.Ft.:
1,094
Status:
Active
MLS#:
20240024983
Type:
Single Family
Lot size:
0.09 Acres
Year built:
1950
A broker reciprocity listing Courtesy: Robinson Realty & Management Group Inc
View additional info

Move right in. Make this completely renovated home with 2 bathrooms, 3 beds yours. Side drive with garage to the rear and fenced yard.Buyer/ Agent to verify measurements. Buyer must be accompanied by a Michigan licensed agent.

$16,600

6160 GREENVIEW Avenue Detroit, MI 48228

Beds:
1
Baths:
1.00
Sq.Ft.:
911
Status:
Active
MLS#:
20240024962
Type:
Single Family, Ranch
Subdivision:
HITCHMANS WARREN LAWN (PLATS)
Lot size:
0.11 Acres
Year built:
1934
A broker reciprocity listing Courtesy: RE/MAX Home Sale Services
View additional info

Affordable home on large lot with fenced lot awaiting renovations."All offers must be submitted by the buyer's agent using the online offer management system. Access the system via the link below. A technology fee will apply to the buyer's broker upon consummation of a sale."Offer link to property in agent remarks

$66,000

10700 BALFOUR Road Detroit, MI 48224

Beds:
3
Baths:
1.00
Sq.Ft.:
995
Status:
Active
MLS#:
20240024988
Type:
Single Family
Subdivision:
COOPERS LEIGH G CADIEUX SEVEN MILE DRIVE
Lot size:
4,356 Sq. Ft.
Year built:
1948
A broker reciprocity listing Courtesy: RE/MAX City Centre
View additional info

Welcome to 10700 Balfour, a promising property nestled in the heart of Detroit, Michigan. Boasting an enviable location, this home presents an excellent opportunity for both investors and potential homeowners alike. It's important to note that the sale of this property is contingent upon approval by the bankruptcy court, ensuring a transparent and regulated transaction process.Key Features:Prime Location: Located in the vibrant city of Detroit, this property offers easy access to urban amenities, cultural attractions, and major transportation routes.Potential Investment: With its strategic location and potential for value appreciation, this property is an enticing option for savvy investors seeking to diversify their portfolio.Personalization Opportunity: Whether you're looking to renovate and customize your dream home or capitalize on its rental potential, the possibilities are endless with this property.Bankruptcy Court Approval: Please be advised that the sale of this property must receive approval from the bankruptcy court, ensuring a fair and regulated transaction process.Closing Timeline: Due to the court approval requirement, the closing process may take between 30 to 60 days. Your patience and cooperation are appreciated as we navigate this necessary step.Don't miss out on the chance to make 10700 Balfour your own. Contact us today to schedule a viewing and explore the potential awaiting within this unique property.

$1,850,000

1529 BROADWAY Street #4 Detroit, MI 48226

Beds:
3
Baths:
2.50
Sq.Ft.:
3,005
Status:
Active
MLS#:
20240024819
Type:
Condo, Townhouse
Subdivision:
PLAT OF SEC 7-GOVERNOR & JUDGES PLAN (DEEDS)
Year built:
1929
A broker reciprocity listing Courtesy: Good Company
View additional info

Downtown Luxury and Elegance abound in this newly constructed condo on Broadway Ave. This is your chance to own a whole floor of the historic HARTZ building with sweeping views afforded by the 4th floor. There are only three units in this development, all perfectly appointed for distinguished buyers, equipped with panoramic views of downtown, VIP parking in the Opera House garage, and no expenses spared on premium finishings and luxury accents. The only selections left are cabinetry, paint and flooring colors, fixtures, and other finishing touches. One block from the Detroit Athletic Club, Comerica Park, and the new Hudson building! This unit is ready for tours and will be sure to impress.

$549,000

2405 Field Street Detroit, MI 48214

Beds:
9
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
81024018299
Type:
Multi-Family
Subdivision:
Frontenac
Lot size:
0.16 Acres
Year built:
1914
A broker reciprocity listing Courtesy: EXP Realty, LLC
View additional info

Looking for a income producing property this apartment has 4 units next to the Indian Village area. Potential for rent is approx $5600 per month vastly under rented. $67000 a year.Just needs min. upgrades nothing major, but is and can be rent as presented. ( occupied as we speak. one unit vacant and second is owner occupied making two. other two month to month /family members. )First floor has own main door closes to Vernor. ( see pictures)It has 3 bedrooms , hardwood floors , bay windows the works.All the units have bay windows. 2nd floor has 2 units. 3rd floor has 3 bedrooms and updated everything'Looking for $549K or Best Offerlooking for a income producing property this apartment has 4 units next to the Indian Village area. Potential for rent is approx $5600.Just needs min. upgrades nothing major, but is and can be rent as presented. ( occupied)First floor has own main door closes to Vernor. ( see pictures)It has 3 bedrooms , hardwood floors , bay windows the works.All the units have bay windows. 2 floor has 2 units. 3rd floor has 3 bedrooms and updated everything

$79,900

15638 CARLISLE Street Detroit, MI 48205

Beds:
3
Baths:
1.00
Sq.Ft.:
888
Status:
Active
MLS#:
20240024088
Type:
Single Family, Ranch
Subdivision:
DRENNAN & SELDONS REGENT PARK (PLATS)
Lot size:
0.1 Acres
Year built:
1946
A broker reciprocity listing Courtesy: RE/MAX Dream Properties
View additional info

*** This property qualifies for the $5,000 Chase Homebuyer GrantSM, which means eligible customers who buy this property and finance their loan with Chase can receive $5,000. *** Amazing opportunity to own this north Detroit ranch. Bring in your imaginations and make this a nice home. BATVAI.

$265,000

250 E Harbortown Drive #506 Detroit, MI 48207

Beds:
2
Baths:
2.00
Sq.Ft.:
1,214
Status:
Active
MLS#:
20240019735
Type:
Condo, Townhouse
Subdivision:
WAYNE COUNTY CONDO PLAN NO 807
Year built:
1988
A broker reciprocity listing Courtesy: @properties Christie's Int'l R.E. Detroit
View additional info

Nestled within Harbortown's Great Lakes Tower in Detroit, this exquisite fifth-floor condo offers a luxurious blend of comfort and style. Boasting two bedrooms, two bathrooms, and hardwood floors throughout, this home is a true gem of urban living. Step inside to discover a spacious and airy living area, perfect for both relaxation and entertaining. The open floor plan seamlessly connects the living, dining, and kitchen areas, creating a welcoming atmosphere bathed in natural light. The open kitchen features modern appliances, sleek countertops, and ample storage space. The primary bedroom is a tranquil retreat, complete with a walk-in closet and an en-suite bathroom. The second bedroom is equally inviting, offering comfort and privacy for a home office or a guest bedroom. Residents of Great Lakes Tower have access to a host of amenities outside, including a community outdoor pool, fitness center, and tennis courts. Take a leisurely stroll along the Detroit RiverWalk, a scenic pathway that winds along the riverfront, offering breathtaking views and access to parks, restaurants, and shops. Located just a short distance from downtown Detroit, this condo offers the best of city living. Explore the vibrant downtown area, home to world-class dining, entertainment, and cultural attractions. Whether you're in the mood for a night out on the town or a peaceful evening at home, this condo offers the perfect blend of convenience and luxury.

$11,250

3489 SEYBURN Street Detroit, MI 48214

Beds:
2
Baths:
1.00
Sq.Ft.:
1,102
Status:
Active
MLS#:
20240024474
Type:
Single Family, Ranch
Subdivision:
SEYBURNS STEPHEN Y SUB
Lot size:
0.07 Acres
Year built:
1911
A broker reciprocity listing Courtesy: Bellabay Realty Tri Counties
View additional info

Property needs a full rehab top to bottom, but don't let that scare you away. The right investor will certainly turn a profit on this Islandview 2 bedroom ranch, just west of West Village. Islandview is named for its proximity to Detroit's island park, Belle Isle. The neighborhood is bound by Jefferson on the south, Mack to the north, Mt. Elliott to the west and Baldwin Street on the east. 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.

$12,000

4883 SPOKANE Street Detroit, MI 48204

Beds:
3
Baths:
1.00
Sq.Ft.:
1,532
Status:
Active
MLS#:
20240024266
Type:
Single Family
Subdivision:
JOSEPH TIREMANS SUB (PLATS)
Lot size:
0.09 Acres
Year built:
1916
A broker reciprocity listing Courtesy: Bellabay Realty Tri Counties
View additional info

$6,225

6769 Scotten Street Detroit, MI 48210

Beds:
3
Baths:
1.00
Sq.Ft.:
1,239
Status:
Active
MLS#:
20240024353
Type:
Single Family
Year built:
1910
A broker reciprocity listing Courtesy: Bellabay Realty Tri Counties
View additional info

3 Income Properties for the Price of 1 & 4 lots totaling $18,675. Addresses include 6777, 6788 and 6792, 6802, 6808, 6812 Scotten. Close to shopping, schools, major freeways and more! Homes will not be sold separately, NO Exceptions! Each deed shall represent a sale price of $8,300 per property. Sale contingent on buyer/seller executed development agreement. 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.

$6,225

6777 Scotten Street Detroit, MI 48210

Beds:
3
Baths:
1.00
Sq.Ft.:
1,452
Status:
Active
MLS#:
20240024357
Type:
Single Family
Lot size:
0.11 Acres
Year built:
1909
A broker reciprocity listing Courtesy: Bellabay Realty Tri Counties
View additional info

3 Income Properties for the Price of 1 & 4 lots totaling $18,675. Addresses include 6769, 6788 and 6792, 6802, 6808, 6812 Scotten. Close to shopping, schools, major freeways and more! Homes will not be sold separately, NO Exceptions! Each deed shall represent a sale price of $8,300 per property. Sale contingent on buyer/seller executed development agreement. 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.

$84,000

9224 PLAINVIEW Avenue Detroit, MI 48228

Beds:
3
Baths:
1.00
Sq.Ft.:
1,114
Status:
Active
MLS#:
20240024943
Type:
Single Family
Subdivision:
WARRENDALE WARSAW (PLATS)
Lot size:
0.1 Acres
Year built:
1930
A broker reciprocity listing Courtesy: Home Source Realty LLC
View additional info

Discover the charm of this recently updated brick Tudor, perfectly located in Franklin Park park neighborhood. Situated on a double wide lot and just a short drive from Warrendale and Dearborn Heights, this home offers both space and accessibility. The property boasts a fantastic layout adorned with modern updates seamlessly blended with classic charm. Don't miss the chance to make it yours"schedule a viewing today!

$5,000

9031 LAWTON Street Detroit, MI 48206

Beds:
2
Baths:
1.00
Sq.Ft.:
1,030
Status:
Active
MLS#:
20240024413
Type:
Single Family
Subdivision:
PETERS SUB OF PART OF SEC 48 (PLATS)
Lot size:
0.02 Acres
Year built:
1923
A broker reciprocity listing Courtesy: Bellabay Realty Tri Counties
View additional info

Great investment opportunity, 3 properties for the price of 1! Subject address is included as part of a 3 property bundle sale totaling $15,000. Addresses include 9021, 9033 Lawton. Close to major freeways and more! Homes will not be sold separately, No Exceptions! Each deed shall represent a sale price of $5,000 per property. Sale contingent on buyer/seller executed development agreement. 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.

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