Great residential infill opportunity close to Downtown, Motown Museum, Henry Ford Hospital, Corktown, Midtown, Wayne State University, and future major developing areas. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. 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 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines.
Listed By
Agency Name: Bellabay Realty Tri Counties
Agency Phone: (248) 274-6614
Shown By
Agent Name: Thomas Harding II
Agent Phone: (734) 812-6900
Agency Title: Key Realty
Estimated Payment
$ 132.42 per month $125.86 Principal & Interest $0.00 Property Tax (data not provided by mls) $6.56 Homeowner's Insurance
5709 Vermont Street | MLS# 20250022239
This land located at 5709 Vermont Street, Detroit, MI 48208 is currently listed for sale with an asking price of $22,500. The property has approximately 0.19 Acres. Vermont Street is located within the Detroit school district. Search Detroit real estate on thomasharding.ikeyrealty.com today.