Attention investors, check out this latest offering from the Detroit Land Bank Authority. Welcome to an incredible investment opportunity in the Petoskey-Otsego neighborhood with 3 bedrooms, 1 bathroom, and over 1,400 sq. ft. of living space. Property requires a full renovation, offering investors a chance to restore a classic Detroit home. Spacious layout with original character still intact. Please note that the DLBA 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 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. Located minutes from Downtown Detroit, this home sits on a spacious lot with strong neighborhood potential. Recent sales of renovated homes in the area suggest an ARV in the $215k+ range, depending on finishes and scope of work.

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Listed by Nazareth Sanchez of RE/MAX Leading Edge

 "Based on information submitted to Realcomp as of May 23, 2026 8:45 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

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