Great residential infill opportunity offer by the Detroit Landbank Authority located close to the downtown area at Gratiot and E. Grand Blvd. 2 lots to be sold together, 4404 & 4424 Helen, 23,690 square feet combined, cannot be sold separately. Please 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.
General Information
Sale Price: $13,500
Price/SqFt:
Status: Active
MLS#: rcomi20240071564
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: mills sub no 4 (plats)
Acres: 0.34
Lot Dimensions: 90 x 163
Size:
Acreage: 0.34 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: E HELEN 28 & 27 S 7 FT OF 26 MILLS SUB NO 4 L28 P8 PLATS, W C R 15/44 90.17 IRREG
