**Please note: This sale is for one unit of the multi-unit building. The other units are privately owned.**
This property is part of the Outer Drive Terraces Association, which charges association dues. There have been association dues assessed that remain unpaid. A prospective bidder should contact the association to determine if they will waive or adjust the fees. To learn more about which services are included in the association dues, or to determine if they will waive or adjust the fees, please call 313-862-3150.
Built in 1947, this lovely, brick home has much to offer potential buyers. With almost 900 square feet of living space, the home features:
Wood floors
Basement
Located within the Pershing neighborhood, purchasers will enjoy many area amenities, such as:
Dining and retail along 8 Mile and Conant
Farwell Recreation Center
Butler Playfield
Pershing High School
Purchasers should plan on making a range of repairs to the property, and bidders are strongly encouraged to review the attached Inspection/Condition Report for more detail. Please also note that at closing the purchaser will be responsible for paying all properly-assessed property taxes not otherwise exempt pursuant to the statutory authority of the Detroit Land Bank.
Finally, please not that any discounts on the purchase (i.e. the city employee discount) will be granted at the time of closing on the sale. The purchaser will be charged $1,000.00 upon winning the bid, regardless of any discounts.
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COLLUSION (BID-RIGGING) IN AN AUCTION IS A CRIME
Collusion between bidders in a DLBA auction, which is also known as “bid-rigging,” is a type of fraud and a violation of Federal antitrust laws. The DLBA takes the integrity of its auctions very seriously and bid-rigging is unfair to competing bidders and, ultimately, to the people of the City of Detroit. If the DLBA finds evidence of collusion in an auction, it reserves the right and will not hesitate to, as appropriate, reject specific bids, cancel an entire auction (in each case keeping the deposits or downpayments of the colluding parties), and/or pursue criminal prosecution of the parties involved to the fullest extent of the law.
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Auction Information
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Sale Date
Please note that the rehab cost will often cost more than the winning bid price. Failure to bring a property up to code within 6 months will result in forfeiture of property (9 months for historic properties). Auction dates are subject to change. Check the site regularly to be aware of any schedule changes.
Public Notice
PROPERTY OWNED BY THE DETROIT LAND BANK IS NOT OPEN TO THE PUBLIC. ACCESS TO OR ENTRANCE UPON SUCH PROPERTY WITHOUT THE WRITTEN CONSENT OF THE DETROIT LAND BANK AUTHORITY CONSTITUTES TRESPASS, AND IS A VIOLATION OF MICHIGAN LAW. TRESPASSERS MAY BE SUBJECT TO CIVIL AND CRIMINAL PENALTIES.