4444 GRANDY 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: Jul 3, 2024 Updated: May 13 at 3:31AM Checked: Jul 22 at 3:06PM

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MLS# 20240047510

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Investment Insights

Based on property information with market context.

This is an investment opportunity for infill residential development located near Detroit's Poletown East neighborhood, in proximity to Warren Meldrum Park, Callahan Playground, and Faygo Beverages. The sale includes eight adjacent lots: 4444, 4402, 4410, 4418, 4424, 4428, 4434, and 4440 Grandy. The sale is contingent on a buyer/seller executed development agreement. 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. 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 abatements on the purchase and development financing. The total lot size is 0.06 acres.

Key Highlights

• Infill residential development opportunity.
• Includes 8 adjacent lots.
• Located near Detroit's Poletown East neighborhood.

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FAQs

What type of property is this?

Residential land & home lot - Eight adjacent lots for residential development near Poletown East.

Where is this residential land & home lot located?

The property is located at 4444 GRANDY 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: Infill residential development opportunity.; Includes 8 adjacent lots.; Located near Detroit's Poletown East neighborhood.