$20,000

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.