28 Detroit houses selling for $500 at county auction
Some of the properties are abandoned and gutted, while others could fetch more than $85,000 in any other community.
Some of the properties are abandoned and gutted, while others could fetch more than $85,000 in any other community.
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The purchase price is a stark sign of what’s about to happen to the Cass Corridor.
North Corktown is witnessing a steady drizzle of development and new residents, but it’s not envisioned as a rehabilitated neighborhood under Mayor Bing’s blueprint for land use.
Metro Property Group is blamed for turning investors into “unwitting and unintentional slumlords.”
Now the city must make a tough decision – take possession of the property or sell it for pennies on the dollar.
Once selling for six figures, the houses are on the auction block for as low as a few thousand dollars.
The bungalow is featured on the cover of Eminem’s 2000 “Marshall Mathers LP” album.
The city’s move would prevent speculators from buying properties without plans to develop them.
From stately tudors to roomy colonials, this year’s Wayne County auction has plenty of bargains.