$54,500
Detroit, MI 48208
MLS# 24014206
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Property Description
This great investment opportunity is located in a growing and vibrant community, located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Zoned for Residential and Multifamily projects. Lot size is 30x130. 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 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.
Details
Maps
None
Current Price: $54,500
Location & Property Info
County: Wayne
Street #: 5034
Street Name: Vermont
Suffix: Street
State: MI
Zip Code: 48208
Cross Streets: N. Warren, W. Rosa Parks
Area: Wayne County - 100
Municipality: Detroit City
Ownership Type: Government Owned
Office/Contract Info
Status: Active
List Price: $54,500
Auction or For Sale: For Sale
List Price/Acre: 605555.56
Sub Agency: 3
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: Other
Listing Date: 2024-03-25
General Property Info
Property Sub-Type: Lot
Lot Measurement: Acres
Lot Square Footage: 3920
Lot Acres: 0.09
Lot Dimensions: 30x130
Road Frontage: 30
Waterfront: No
School District: Detroit
Tax Info
Tax ID #: 08008430.
Remarks & Misc
Directions: N. of Warren, W. of Rosa Parks Blvd.
Legal: E VERMONT N 30 FT OF S 155 FT O L 9 SUB OF LOT 1 LAFFERTY FARM L1 P230 PLATS, W C R 8/58 30 X 130
Waterfront Options
Water Access Y/N: No
Property Features
Util Avail at Street: Electric; Natural Gas; Public Sewer; Public Water
Utilities Attached: None
Terms Available: Cash
Sale Conditions: Other
Supplements
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.
Listing Office: BellaBay Realty Tri-Counties
Listing Agent: Natasha Talley
Last Updated: March - 25 - 2024
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
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