Description
The property at 5175 Vermont sits in the Woodbridge area of Detroit (zip 48208), which is actually one of the more strategic and talked-about pockets on the west side right now. 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 the 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. 5161, 5169 & 5175 Vermont are part of a bundle package and must be sold together for $25,000 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.
Details
| MLS # | 60983853 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 198 |
| Listing Provided By | Keller Williams Realty-Great Lakes | Erick Monzo |
Features
| Zoning | Residential |
|---|---|
| Acreage | 0.05 |
Other
| List Aor | Real Comp |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48208 |
| Area | Detroit (82001) |
| Community Name | Lafferty Farm Sub Of Blks 7 Thru 12 Ol2 |
| Listing VS Median (in Lafferty Farm Sub Of Blks 7 Thru 12 Ol2) | |
Price: $25,000 low | high Med: $0 On site: 198 low | high Med: | |
Market Activity 48208
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48208 |
| Area | Detroit (82001) |
| Community Name | Lafferty Farm Sub Of Blks 7 Thru 12 Ol2 |
| Listing VS Median (in Lafferty Farm Sub Of Blks 7 Thru 12 Ol2) | |
Price: $25,000 low | high Med: $0 On site: 198 low | high Med: | |
