Motor City Revival Means 14-Fold Return for Home Bet

A two-story brick house in Detroit sold for $47,214 last month, two years after U.S. Bank seized it in a foreclosure. For the home, with blue-striped awnings and white shutters, it was the fourth owner since December, when investor Buy Right Properties LLC purchased it for $3,383.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.