4246 Maxwell Street, Detroit, MI 48214

Property Description

***RARE RESTORATION AND REDEVELOPMENT OPPORTUNITY*** This stately 2,584 sq. ft. brick Colonial Revival home, built in 1920, offers exceptional potential to restore a timeless architectural treasure while creating significant value. Featuring a spacious floor plan, original brick exterior, basement, and classic period details, this property is ready for its next chapter. Located in one of Detroit's fastest-growing east side neighborhoods, just minutes from West Village, Indian Village, Downtown Detroit, Belle Isle, and the Detroit Riverwalk. Walk to exciting restaurants, coffee shops, neighborhood markets, and enjoy the area's ongoing revitalization and investment. Outstanding opportunity for investors, developers, builders, or experienced rehabbers seeking a premier value-add project with multiple exit strategies. Property is being sold as-is. Buyer to verify all information. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.