2705 MOUNT ELLIOTT Street Detroit, MI 48207

This property is offered as a bundle of 5 parcels, including 2709, 2715, 2729, and 2735 Mt Elliot, totaling 19,202 square feet. The properties are not available for individual purchase. Zoned R4, the Detroit Land Bank Authority (DLBA) seeks proposals for small- to medium-scale infill development aimed at increasing housing supply, restoring the urban fabric, and enhancing density and walkability. Interested buyers should consult the DLBA's proposal guidelines for new build opportunities and review relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional neighborhood context. The Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years following the transfer of ownership. This tax capture may be incompatible with other tax abatements available to the purchaser. The DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes, determined upon reviewing the development proforma and the effect of any tax abatement on purchase and development financing. The lot size is approximately 0.1 acres. Please refer to the attached documents for DLBA guidelines.