3432 BEALS Street Detroit, MI 48214

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 May 13, 2024

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MLS# 20240026515 Listing URL

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Investment Insights

Based on property information with market context.

This offering consists of a bundle of four lots located in the Islandview neighborhood. The properties included are 3432 Beals, 3442 Beals, 3448 Beals, and 3456 Beals, and they must be purchased together. The total lot size is 0.15 acres. The location is approximately 7 minutes from Eastern Market and a short distance from Downtown Detroit. The City of Detroit has announced an investment of over $5 million to improve the area. Nearby amenities include the New Butzel Playfield and improvements to Marcus Garvey academy. The Detroit Land Bank Authority (DLBA) 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. The zoning is Multi-Family,Residential.

Key Highlights

• Four‑lot bundle in the Islandview neighborhood.
• Located just 7 minutes from Eastern Market.
• Short distance to Downtown Detroit.

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FAQs

What type of property is this?

Residential land & home lot - Four Detroit residential lots in Islandview neighborhood.

Where is this residential land & home lot located?

The property is located at 3432 BEALS 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: Four‑lot bundle in the Islandview neighborhood.; Located just 7 minutes from Eastern Market.; Short distance to Downtown Detroit.