18708 Schaefer Hwy, Detroit, MI 48235

Description

Great investment and renovation opportunity! Welcome to 18708 Schaefer Hwy, a 2-bedroom, 1.5-bath half duplex located in Detroit’s Schulze neighborhood, north of Margareta Avenue and south of Clarita Avenue. This property offers potential for investors or buyers seeking a residential renovation project. Sale includes the subject half duplex only; the adjoining unit and additional lots are not included. Property is sold as-is. Property comes with clear title. Please note that only one side is for sale (18708), the other side is privately owned.

Sale is subject to Detroit Land Bank Authority (DLBA) approval and execution of an applicable Renovation/Development Agreement. Purchaser must submit a complete proposal package including intended use, renovation timeline, proof of funds for acquisition and renovation, a detailed scope of work with cost breakdown, contractor information, and documentation of prior renovation/development experience, including project addresses and before-and-after photos.

DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This provision may be incompatible with certain tax abatements. Waiver requests are reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to DLBA review of project financing and development pro forma. Buyer to verify all information, measurements, unit configuration, zoning, and permitted uses.