Photo 1 of 5034 VERMONT Street, Detroit MI

For Sale

5034 VERMONT StreetDetroit, MI 48208

$54,500

Listing courtesy of Bellabay Realty Tri Counties

About

This Home

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.

Details

Property Type: Land
Style: ImprovedLand
Lot Size: 0.09 acres
Heating: None
Cooling: None
MLS #: 20240024963

About Detroit

Michigan's largest city, with a revitalized downtown and riverfront, the Midtown cultural district and historic neighborhoods like Indian Village and Boston-Edison. Home styles range from grand early-1900s homes to lofts and new construction.

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Gallery

Photo 2 of 5034 VERMONT Street, Detroit MI

Listing courtesy of Bellabay Realty Tri Counties. MLS # 20240024963. Information is deemed reliable but not guaranteed and should be independently verified.

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