4404 HELEN Street Detroit, MI 48207

Listing agency Bellabay Realty Tri Counties n***@comcast.net Show Phone

Listed by Natasha C Richards · License #6502385914 Show Phone

Added: Oct 7, 2024 Updated: May 13 at 3:30AM Checked: Jul 23 at 5:06AM

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MLS# 20240071564

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Investment Insights

Based on property information with market context.

This residential infill opportunity is offered by the Detroit Landbank Authority. Located near downtown at Gratiot and E. Grand Blvd, the property consists of two lots to be sold together, located at 4404 & 4424 Helen. The combined area of the lots is 23,690 square feet, which is approximately 0.34 acres. Note that the 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 residential.

Key Highlights

• Large combined lot size: 23,690 square feet.
• Infill opportunity in a residential area.
• Located close to downtown Detroit.

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FAQs

What type of property is this?

Residential land & home lot - Two residential lots totaling 23,690 SF near downtown Detroit.

Where is this residential land & home lot located?

The property is located at 4404 HELEN 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: Large combined lot size: 23,690 square feet.; Infill opportunity in a residential area.; Located close to downtown Detroit.