Great lot for infill building located in Detroit’s bustling North End neighborhood. This lot is sold as a bundle of 3 with 224 Mt Vernon and 246 Mt Vernon.=Totaling $58,000. Not sold separately. This property is within walking distance to the Q-Line and New Center Area. It is also in close proximity to Wayne State University and Henry Ford Hospital. Please note that the Detroit Land Bank Authority 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. BATVAI. Please see attached documents for DLBA guidelines. All offers due by noon April 3,2020.
General Information
Sale Price: $30,000
Price/SqFt:
Status: Active
MLS#: rcomi2200016591
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: kochs sub (plats)
Acres: 0.19
Lot Dimensions: 75.00X110.00
Size:
Acreage: 0.19 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0
Legal Description: S MT VERNON W 1/2 OF 21 ALL OF 20 & 19KOCHS SUB L8 P14 PLATS, WCR 1/108 75 X 110
