2391 CADILLAC - $849,000.00

Rare development opportunity on a large lot with 73 ft of Cadillac St frontage, beside the Chrysler plant. The Current site contains a Cash-flowing duplex generating $3,030/month ($1,500 main + $1,530 upper) plus $1,320/month from 28 parking spaces — $4,350/month total ($52,200/year). Zoned M1.1 (industrial). The Lot presents the potential to sever and develop up to 2 additional lots while the duplex generates income. Seller has the plans and architectural drawings available for a future proposed 12 Unit 3 Story Townhouse Available — subject to severance and zoning approval, buyer to verify all permitted uses. (id:4555)