Welcome to an exceptional redevelopment opportunity offered by the Detroit Land Bank Authority. This solid brick two-family flat is located in the highly desirable Russell Woods neighborhood, an area celebrated for its historic character, strong architectural identity, and ongoing revitalization. Opportunities like this are increasingly rare, making this property especially appealing to investors, renovators, and developers with a long-term vision.
Set among tree-lined streets and classic Detroit brick homes, this property offers the chance to contribute to one of the city’s most promising residential communities. While the home requires a complete rehabilitation, its size, layout, and location provide an outstanding foundation for a high-impact restoration project.
A Classic Brick Two-Family Flat
This traditional Detroit duplex features a two-family flat design that has long been favored for its flexibility and income potential. Once renovated, the property can support multiple living strategies, including full rental use or owner-occupancy with additional income.
Typical features of this style may include separate entrances for each unit, multiple bedrooms, individual kitchens and bathrooms, generous living and dining spaces, basement access, and original architectural elements. Although this home needs a full overhaul, its existing footprint creates an excellent canvas for a thoughtful and valuable renovation.
The Russell Woods Neighborhood
Russell Woods is widely regarded as one of Detroit’s most architecturally rich residential areas. Known for its mature trees, well-proportioned lots, and timeless brick construction, the neighborhood continues to benefit from redevelopment and renewed interest.
Residents enjoy convenient access to major roadways, nearby parks, schools, and community amenities. Renovated homes in Russell Woods often demonstrate strong resale and rental performance, especially when historic details are preserved and updated with quality workmanship.
A Full-Scale Rehabilitation Project
This property is not move-in ready and should be approached as a major renovation project. Buyers should plan for comprehensive repairs and system upgrades to restore the home to safe and functional condition.
Renovation needs may include updates to electrical and plumbing systems, roofing, HVAC installation, window replacement, structural improvements, new kitchens and bathrooms, flooring, drywall, insulation, and all interior and exterior finishes. Experience with full rehabs and a realistic construction budget are essential.
Detroit Land Bank Authority Tax Capture Notice
This property is subject to the Detroit Land Bank Authority’s tax capture policy, which applies for five tax years following the transfer of ownership. Buyers should carefully review how this may affect future tax abatements, incentives, or lot combinations.
In certain cases, the DLBA may consider waiving the tax capture; however, approval is not guaranteed and may require a payment in lieu of taxes. Any waiver request must be supported by a detailed development plan and financial analysis. Buyers are strongly encouraged to review all DLBA guidelines prior to submitting an offer.
Proposal and Buyer Requirements
As with all DLBA properties, buyers must submit a clear and realistic rehabilitation proposal. Offers should demonstrate the financial capacity and commitment necessary to complete the project.
Submissions may include a detailed scope of work, proof of funds, completed buyer application, and relevant renovation or development experience. Proposals are reviewed to ensure alignment with the DLBA’s mission of long-term neighborhood improvement.
Ideal Buyers for This Opportunity
This property is well suited for investors seeking future rental income, developers and contractors experienced in full-scale renovations, and owner-occupants looking to build equity while restoring a historic home. The duplex layout offers flexibility and strong potential once fully renovated.
Long-Term Value and Community Impact
Purchasing a Detroit Land Bank Authority property is an investment not only in real estate, but in the future of the city. Restoring this two-family flat contributes to neighborhood stability, preserves architectural heritage, and supports Detroit’s continued revitalization.
With the right vision and execution, this property can become a valuable long-term asset offering income potential, historic character, and appreciation in a growing market.
Bring your vision, preparation, and commitment.
Your next redevelopment project begins here in Russell Woods.
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