8245 Manor Street, Detroit, MI 48204

Property Description

Detroit Land Bank Authority opportunity in Detroit’s west side! This property at 8245 Manor Street, Detroit, MI 48204 is ready for renovation and offers excellent potential for investors, developers, or owner-occupants looking to restore and improve a classic Detroit property. The property has a clean title.Ideally located in the 48204 area, the property is surrounded by established residential neighborhoods and ongoing residential investment and redevelopment. Convenient access to major roadways, public transportation, parks, shopping, dining, and other Detroit amenities makes this an attractive opportunity for those looking to invest in a growing area of the city.The surrounding neighborhood features a mix of historic residential properties and redevelopment projects, providing opportunities for continued revitalization while maintaining the established character of Detroit’s west side. Purchasers should conduct their own due diligence regarding neighborhood conditions, comparable properties, zoning, intended use, and development requirements.Purchaser to comply with all Detroit Land Bank Authority requirements. Property sold as-is. Purchaser to verify all measurements, zoning, utilities, property condition, and development requirements. Property has a clean title.DLBA Disclosure: DLBA is entitled to a tax capture for the five 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. 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 the effect of any tax abatement on the purchase and development financing.