For Sale

4206 VERMONT StDetroit, MI 48208

$24,830

Listing courtesy of RCH Brokerage Legacy Inc

About

This Home

BUNDLED WITH 4134 AND 4144 VERMONT= 65K. NOT SOLD SEPERATELY. BUILDING SHOULD DEFINE SPACE IN MEANINGFUL WAY. BUILDING SHOULD BE DESIGNED TO COMPLEMENT COMMUNITY.PROVIDE A DIVERSE RESIDENTIAL STOCK AND DENSITY AT A VARIETY OF PROCEDURE OF PRICES POINTS, OWNERSHIP TYPES(I.E.RENT,OWN),HOUSING TYPES. DENSITIES SHALL SUPPORT OPPORTUNITIES FOR NEIGHBORHOOD COMMERICAL INVESTMENTS & JOBS CREATION, STIMULATING GROWTH IN LOCAL ECONOMY. 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 & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.PLEASE SEE ATTACHED DOCUMENTS FOR DLBA REQUIREMENTS AND OFFER SUBMISSION INFORMATION.

Details

Property Type: Land
Style: Unimproved Land
Lot Size: 0.06 acres
Heating: None
Cooling: None
MLS #: 20240004708

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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Listing courtesy of RCH Brokerage Legacy Inc. MLS # 20240004708. Information is deemed reliable but not guaranteed and should be independently verified.

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