***Please note that the water line to this property has been cut. Purchaser will be responsible for reconnecting the water line.***
Great Investment Opportunity! This beautiful brick Multi Unit home was built in 1909 and has over 6,700 square feet of living space. This beauty will appeal to many types of buyers. The amenities of this home include:
Spacious Yard
Hardwood Floors
Fireplace
Large Basement
Glass Block Windows
Located in the North End, the property is nearby a number of amenities, including:
Woodward Avenue
The dining and entertainment options of the New Center District
Future terminus of the M-1 rail
M-10 and I-75 Expressways
Purchasers should plan on making a range of repairs to the property, and bidders are strongly encouraged to review the attached Pre-Sale Inspection 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 note 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.
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.
Auction
