Property profile

71 Hazelwood St Detroit, MI 48202

FOR SALE
Residential land & home lots
Property ID
US43-0602584
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Property summary

AI-generated overview

Great property for infill building located in Detroit’s bustling North End neighborhood. This property is within walking distance to the Q-Line and New Center Area. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Please note that 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. bikeScore: 56, Bikeable walkScore: 70, Somewhat Walkable transitScore: 47, Some Transit

Property profile

Verified
Property type Residential land & home lots
UPID US43-0602584

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

71 Hazelwood St Detroit, MI 48202
Detroit metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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