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$10,000
4 Baths 20250021695 MLS
Welcome to the latest offering from the Detroit Land Bank Authority. This brick 4 unit multifamily is in need of a major rehab from top to bottom. Each unit features 2 bedrooms, living room, dining room and kitchen. Located in an up and coming area of Detroit, this property will surely make a good addition to your investment portfolio. 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

3769 Glynn, Detroit

Courtesy of Real Estate One-Southfield 2487230055

Selling Office: Real Estate One-Southfield.

$10,000
3 Baths 20240002477 MLS
Great opportunity for experienced investors. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-App letter, or new construction loan of the property. Projects will require approval of the Design Review from the city of Detroit. 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.

9953 Mcquade St, Detroit

Courtesy of RCH Brokerage Legacy Inc 2484402268

Selling Office: RCH Brokerage Legacy Inc.

$17,647
20230099129 MLS
Welcome to the latest offering from the Detroit Land Bank authority. Three buildable lots sitting right across from the Salvation Army. These lots are just waiting for your development ideas. Sale includes 3726 and 3742 w Chicago as well. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the 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

3734 W Chicago, Detroit

Courtesy of Real Estate One-Southfield 2487230055

$60,000
20240024491 MLS
Get in on the action with a new infill build opportunity. 6 lots included in the sale, 3742, 3726, 3734, 3750, 3756, 3764 Edison. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

3726 Edison St, Detroit

Courtesy of Bellabay Realty Tri Counties 2482746614

$22,000
5 Baths 20240039243 MLS
Welcome to the latest offering from the Detroit Land Bank Authority. 4 unit brick Quadruplex in an up and coming development area. Property also includes 2 vacant lots 3784 and 3766 W. Boston on either side of the building for even more expansion possibilities. Show with caution because property needs a complete rehab. Vacant lots bundled with structures need to show a minimal design for example, someone may indicate they are fencing and putting benches and some bushes. They do need to show a diagram as indicated in the plot plan example #1 on page 5 of 20. 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

3774 W Boston Blvd, Detroit

Courtesy of Real Estate One-Southfield 2487230055

Selling Office: Real Estate One-Southfield.

$16,500
4 Baths 20221068045 MLS
Welcome to the Latest offering from the Detroit Land Bank Authority. Brick 4 unit in need of major renovation. All units contain 2 bedrooms and 1 bath. There are 2 vacant lots included with this sale. 3764 Rochester and 3748 Rochester. Show with caution, bring Flashlight. 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

3758 Rochester St, Detroit

Courtesy of Real Estate One-Southfield 2487230055

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