"It may not look particularly attractive, but as just $1 this family home is a complete bargain.
However, despite being on the market for the drop-down price since February last year, the Detroit property is astonishingly still for sale.
It is one of a number of run-down properties lying in the suburbs of Michigan's largest city, which earlier this month filed for bankruptcy, crippled by enormous debts.
Bargain: This 1915 home in Detroit has been on the market for just $1 for 519 days
Built in 1915, the property on Saint-Clair Street has been listed for sale since May 2011.
After initially being placed on the market for $900, its price was dramatically reduced to just $1 in February last year.
A description of the property on the Zillow website describes it as a 'Multi Family home featuring 2 units, hardwood floors, basement, and much more!'
2 comments:
Wow... we could use another "Lair" ... What "Property Taxes" are to be payed out along with the purchase price....???
Property taxes in Detoilet are a little above normal. But not to worry as 56% of Detoileters do not pay their property taxes so you could jump on the bandwagon. All you have to do is put up with the roving bands of gangs, robbers, and wild dogs.
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