2134 Cadillac Boulevard
Detroit, MI 48214

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Description

This great investment opportunity is located minutes from Eastern Market, Indian Village and Downtown Detroit at an amazing price. 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. 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 performance 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: 48214
• School District: Detroit
• Lot Size: 6098 sq ft lot
• Directions: N. of Kercheval, E. of McClellan
• List Price Acre: 214285.71
• Lot Size Area: 0.14
• Lot Size Square Feet: 6098.4
• Lot Size Units: Acres
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W19I004913S
• Spec Assessment Type: 100.00
• Street Type: Paved
• Tax Annual Amount: 100
• Tax Legal Description: E CADILLAC 27 WATERWORKS SUB L9 P91 PLATS, W C R 19/33 50 X 125