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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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8067 Homer St St , Detroit, MI 48209
$20,000
Est. Payment: $44.44/mo
3 Bed
1 Bath
1100 Sqft
Status: Active | Days on site: 11
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376211 - 297897
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House Description

Great investment and redevelopment opportunity! DLBA-owned property located at **8967 Homer St** in Detroit’s **Springwells community**, an established Southwest Detroit neighborhood. This property presents an excellent opportunity for renovation, owner-occupancy, or investment and offers buyers the chance to restore a Detroit home while contributing to the continued stabilization and revitalization of the surrounding community.All properties come with clear title.Conveniently located near **W. Vernor Hwy, Springwells St, Fort St, and the I-75 corridor**, providing easy access to shopping, restaurants, schools, parks, neighborhood businesses, and other everyday amenities. Sale is subject to approval by the **Detroit Land Bank Authority (DLBA)** and execution of a **DLBA Renovation/Development Agreement**. Purchaser must submit a complete proposal package that may include the proposed use of the property, renovation and completion timeline, proof of funds sufficient for acquisition and improvements, detailed scope of work with estimated costs, contractor information, and documentation of previous renovation or development experience, including addresses and before-and-after photographs when applicable.The DLBA recommends that purchasers review any applicable **Neighborhood Framework Plans** and development guidelines through the City of Detroit Planning and Development Department prior to submitting a proposal.**Property is sold AS-IS.** Buyer is responsible for conducting all necessary due diligence and verifying property condition, dimensions, zoning, permitted use, taxes, and all other information. **DLBA retains the right to tax recapture for five (5) years following transfer of ownership.** Certain tax abatements, lot combinations, assemblages, or other property-related actions may require DLBA review and approval. Buyer to verify all information.

Highlights

Listed by Adam Hage , 313-598-2566 Atlas Properties Inc , 313-598-2566.

Property Type

Residential

Lot/Acreage
0.07

Year Built

1916

County

Wayne

School District

Detroit

Listing ID

20261071276

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Water:Public

Exterior Features

Sewer:Public
Principal Interest
$44
Taxes
$118

Home Price

$20,000

Loan Details

30 yrs
%

Down Payment

20%
$4,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$44.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $44.44 $118.25 $0.00 $162.69
Yearly $533.33 $1,419.00 $0.00 $1,952.33
Total $16,000.00 $42,570.00 $0.00 $58,570.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.