259 Mount Vernon Avenue, Detroit, Michigan

$12,000

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0.08

Acres

About 259 Mount Vernon Avenue

Great lot for infill building located in Detroit’s bustling North End neighborhood. This lot is sold as a bundle of 4 with 249 Mt Vernon, 253 Mt Vernon, and 265 Mt. Vernon = $48,000. Totaling = 13,211 sqft. 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.

Features of 259 Mount Vernon Avenue

MLS® # 40032207
Price $12,000
Acres 0.08
Type Land
Sub-Type Vacant Land / Dockominium
Status Active
Source MLS MiRealSource
Originating MLS RealComp

Community Information

Address 259 Mount Vernon Avenue
Area Detroit
Subdivision Kochs Sub (plats)
City Detroit
County Wayne
State Michigan
Zip Code 48236 3436

Amenities

Is Waterfront No

School Information

District Detroit City School District

Additional Information

Zoning Residential
Foreclosure Yes
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRCH Brokerage Legacy Inc

Listing Map

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