REDEVELOPMENT OPPORTUNITY NEAR OAKMAN BOULEVARD! Bring your vision to this spacious Detroit home offering an exciting opportunity for an investor, developer, or experienced rehabber. Featuring generous living space, original hardwood flooring, and plenty of potential for renovation and value creation, this property is ready for its next chapter. Conveniently located near the popular Oakman Boulevard corridor with easy access to major thoroughfares, neighborhood amenities, and surrounding Detroit communities. Property is being sold as-is with clean title. Buyer and buyer's agent to verify all measurements, property information, and redevelopment requirements. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and documentation of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, as determined following DLBA review of the development pro forma and financing.
Listed By
Agency Name: Next Level Realty & Investments
Agency Phone: 7345060076
Shown By
Agent Name: The Realty Couple
Agent Phone: (734) 506-8841
Agency Title: Key Realty
Estimated Payment
$ 203.75 per month $125.86 Principal & Interest $71.33 Property Tax $6.56 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
Back to Login
12052 American Street | MLS# 20261072740
This single family home located at 12052 American Street , Detroit, Mi 48204 is currently listed for sale with an asking price of $22,500. This property was built in 1918 and has 3 bedrooms and 1 full baths with 1364 sq. ft. American Street is located in the G R E E N subdivision within the Detroit school district. Search G R E E N real estate on www.therealtycouple.com today.