$14,000 for Sale
5033 vermont street, detroit, MI 48208
Property Description
This is a package listing with 5039 Vermont St - both properties must be sold together. Excellent opportunity to develop in a growing Detroit neighborhood. Vacant residential parcel with easy access to Midtown, Corktown, downtown Detroit, major employers, and neighborhood amenities. Located in an area experiencing continued residential investment and revitalization Purchaser to verify all measurements, zoning, and development requirements. DLBA Disclosure: 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 abatements 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: $14,000
Price/SqFt:
Status: Active
MLS#: 20261058319
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: lafferty farm sub of blks 7 thru 12 ol2
Acres: 0.09
Lot Dimensions: 30X130
Size:
Acreage: 0.09 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $0
Legal Description: W VERMONT N 30 FT OF S 37 FT 33 BLK 8 SUB OF BLKS 7, 8, 9, 10, 11 & 12 O L 2 LAFFERTY FARM L1 P281 PLATS, W C R 8/104 30 X 130

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Listing By: Erick Monzo of Keller Williams Realty-Great Lakes, Phone: (586) 541-4000