1547 LAWRENCE Street, Detroit, MI 48206

Embrace the potential of this solid brick multifamily property, nestled in the vibrant Lawrence Park Sub. With two units offering 3 bedrooms and 1 bath each, this property presents an excellent opportunity for investors or owner-occupants seeking to customize and revitalize their investment. This BUNDLE includes 1547 Lawrence, and 2 vacant lots (behind home) 1546 Collingwood and 1532 Collingwood. 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 abatement 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. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.