4257 MOUNT ELLIOTT Street

DESCRIPTION

This property is sold as a bundle of 8 with 4253, 4233, 4239 , 4245,4265 Mt Elliot, totaling= 23,749 sqft and 3730, 3722 E Canfield totaling=5401 sqft. Not sold separately. Property zoned R3. Great for experienced investors. 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 abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capt