$35,000

Development opportunity near the historic Oakman Boulevard! This solid brick home is located just about one mile from the University of Detroit Mercy and only minutes from the vibrant Livernois Avenue of Fashion, offering convenient access to shopping, dining, restaurants, and neighborhood amenities. With its spacious layout and generously sized rooms, this property offers tremendous renovation potential. Whether you're an investor or an owner-occupant ready to add your personal touch, the possibilities are endless. The generous room sizes provide ample space for comfortable living and a growing family. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.