City of Detroit City Council Minutes 2026-06-16
City Considers Sale of Sixteen Homes to Investor
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Description
Detroit is weighing the sale of sixteen city‑owned residential properties to Price Rite Investments LLC for $180,000 under a reverter agreement. The proposed transaction is currently before the Planning and Economic Development Committee.
Contract Details
Contract Amount
$180,000.00
Vendor
PRICE RITE INVESTMENTS LLC
Agency
City of Detroit, MI
Contract Type
FACILITIES
Document Date
June 16, 2026
Renewal Info
One‑time property sale by reverter; no renewal applicable.
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