20511 CALDWELL Street Detroit, MI 48234

Listing agent Erick Monzo Show Phone

Listing office Keller Williams Realty-Great Lakes j***@kw.com 28220 Harper, St. Clair Shores, MI Show Phone

Listing date Oct 6, 2023

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MLS# 20230082132 Listing URL

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Investment Insights

Based on property information with market context.

This offering from the Detroit Land Bank Authority consists of a five-lot bundle located at 8 Mile and Mound. The location near the Chrysler Assembly Plant and expressway facilitates commutes to work or downtown. The bundle includes 20511 Caldwell, 20505 Caldwell, 20500 Buffalo, 20512 Buffalo, and 20522 Buffalo, and must be purchased together. The total lot size is 0.09 acres. The Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. This tax capture may be incompatible with tax abatements otherwise available to the purchaser. The Detroit Land Bank Authority 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. The zoning is residential.

Key Highlights

• Five‑lot bundle offered at a total listing price of $5,400.
• Conveniently located near the Chrysler Assembly Plant.
• Easy access to expressway for commuting to work or downtown.

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FAQs

What type of property is this?

Residential land & home lot - Five residential lots near Chrysler Assembly Plant and expressway.

Where is this residential land & home lot located?

The property is located at 20511 CALDWELL Street Detroit, MI.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Five‑lot bundle offered at a total listing price of $5,400.; Conveniently located near the Chrysler Assembly Plant.; Easy access to expressway for commuting to work or downtown.