514 MOUNT VERNON STREET
Detroit, MI 48202
1348 sqft | 3 beds | 2 baths | 0.08 acres | #20230099099
Description
Welcome to the latest offering from the Detroit Land Bank Authority. single family home with an attached lot ready for your development ideas. Home needs extensive rehab, but there are excellent opportunities available with this property. 506 mt vernon is also included in the sale. 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
Property Details
- Days on Market (Cumulative)197
Location
Legal
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Last Updated: . Source: REALCOMP
Listing Courtesy
Listing Agent: Gene Kelley II (#293908), Email: kelleygroup17@gmail.com
Listing Office: Real Estate One-Southfield (#08114917)
Listing Courtesy (Buyer)
Buyer's Agent: Shalom Dubov (#442384)
Buyer's Office: O'Connor Realty Detroit, LLC (#432270)
