689 Gladstone Street Detroit MI 48202 MLS #20251023341

welcome to the latest offering from the Detroit land Bank authority. This 4 bedroom 1 bath home is in dire need of renovation but sits in a very promising neighborhood in the “Piety Hill” district. Bring your hard hat and your design ideas and you should be in for a good project. 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. The tax capture may be incompatible with tax abatements and/or lot combinations 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 effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines