4257 Mount Elliott Street
Detroit, MI 48207

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Description

This property is sold as a bundle of 8 with 4253, 4233, 4239, 4245,4265 Mt Elliot, totaling= 23,749 sqft and 3730, 3722 E Canfield totaling=5401 sqft. Not sold separately. Property zoned R3. Great for experienced investors. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land Bank Authority 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. BATVAI. Please see attached documents for DLBA guidelines.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48207
• Subdivision/Neighborhood: Schmidts Traugott Sub Of A Portion Of The Leib Fr
• School District: Detroit
• Lot Size: 3049 sq ft lot
• Directions: Take Gratiot north make left onto Mount Elliot. Make left onto Canfield. Property is on left corner.
• List Price Acre: 832857.14
• Lot Size Area: 0.07
• Lot Size Square Feet: 3049
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: 13009851.
• Road Frontage: 30
• Tax Legal Description: W MT ELLIOTT E 101.78 FT 10 TRAUGOTT SCHMIDTS L19 P43 PLATS, W C R 13/188 30 X 101.78