5034 VERMONT Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48208
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Sub Of Lot 1 Lafferty Farm N Of Gd River (Plats)
MLS Listing ID 20240024963
Originating Board Realcomp II Ltd
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 30 x 130
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. 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.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Residential
Direction N. Warren, W. Rosa Parks
Exterior
Road Frontage Paved
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Detroit
Others
Tax ID 08008430.
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash