4444 Grandy Street
Detroit, MI 48207

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Description

Investment Opportunity for infill residential development located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Sale includes 8 adjacent lots 4444, 4402, 4410, 4418, 4424, 4428, 4434 & 4440 Grandy. Sale contingent on buyer/seller executed development agreement. 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 abatements and lot combinations 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 abatements on the purchase and development financing.

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48207
• School District: Detroit
• Lot Size: 2614 sq ft lot
• Directions: S of Forest/E of Dequindre
• List Price Acre: 133333.33
• Lot Size Area: 0.06
• Lot Size Square Feet: 2613.6
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W11I003643S
• Road Frontage: 27
• Street Type: Paved
• Tax Legal Description: E GRANDY 1 BLK 56 GRANDYS SUB L3 P74 PLATS, W C R 11/107 27 X 101.5