This two bedroom two bedroom one bath bungalow presents an opportunity to invest in the developing area minutes away from downtown Detroit, just west of Corktown. This single family home is conveniently located close to highways, restaurants and shopping. The sparkling lights of the newly renovated Train Station are visible from front yard. It has been cleaned out to the studs and needs full rehab. Perfect for either an investor seeking a buy and hold opportunity or a homeowner with rehab skills. Is co-owned with the city of Detroit Land Bank and will require buyer to agree to their terms. Seller will guide you through the process. 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. Please show with caution (indemnification waiver?). Seller will consider land contract offers with a minimum of $10K down with a two year balloon at 8% for $35K. Buyer must sign a hold harmless agreement to view the property. See docs.
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Listing By: Erick Monzo of Keller Williams Realty-Great Lakes, Phone: 586-541-4000
