About 5034 Vermont Street
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.
Features of 5034 Vermont Street
| MLS® # | 24014206 |
|---|---|
| Price | $54,500 |
| Bathrooms | 0.00 |
| Acres | 0.09 |
| Type | Land |
| Sub-Type | Lot |
| Status | Active |
Community Information
| Address | 5034 Vermont Street |
|---|---|
| Area | Wayne County - 100 |
| City | Detroit |
| County | Wayne |
| State | MI |
| Zip Code | 48208 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|
School Information
| District | Detroit |
|---|
Additional Information
| Legal | E VERMONT N 30 FT OF S 155 FT O L 9 SUB OF LOT 1 LAFFERTY FARM L1 P230 PLATS, W C R 8/58 30 X 130 |
|---|---|
| New Construction | No |
Financial Details
| Annual Property Tax | $0 |
|---|---|
| Tax ID # | 08008430. |
| Taxable Value | 0.00 |
Listing Details
| Agent | Natasha Richards |
|---|---|
| Office | BellaBay Realty Tri-Counties |