Great property for infill building located in Detroits bustling North End neighborhood. This property is within walking distance to the Q-Line and New Center Area. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on a new construction loan. 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. BATVAI Please see attached documents for DLBA requirements and offer submission information.
- Price:
- $13,500
- Acreage:
- 0.08
- Listing ID #:
- 2200064483
- Street Address:
- 302 Mount Vernon Ave
- City:
- Detroit
- State:
- Michigan
- Postal Code:
- 48202
- County:
- Wayne
- Community:
- Det: Livernois-I75 6-Gd River
- Subdivision:
- Kochs Sub (plats)
- Listing Status:
- Active
- Listing Type:
- Vacant Land
School District: Detroit
- Conforms To Zoning:
- Residential
- Road Frontage:
- 30
- Road Frontage Type:
- Paved
- Days On Market:
- 1026
- Financing Options:
- Cash
- For Sale Or Lease?:
- Sale
- Summer Tax:
- 0.0000
- Winter Tax:
- 0.0000
- Existing Water:
- Public (municipal)
- Sewage Type:
- Public Sewer (sewer-Sanitary)
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
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IDX provided courtesy of Realcomp II Ltd., via Bellabay Realty Tri-Counties and Realcomp II Ltd, ©2023 Realcomp II Ltd. Shareholders
