259 Mount Vernon Avenue
Detroit, MI 48236

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Description

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 = 48k. 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

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48236
• School District: Detroit
• Lot Size: 3485 sq ft lot
• Directions: TAKE WOODWARD HEAD SOUTH PASS HOLBROOK RD MAKE LEFT ONTO MT.VERNON
• List Price Acre: 150000
• Lot Size Area: 0.08
• Lot Size Square Feet: 3484.8
• Lot Size Units: Acres
• Main Type: Land
• Parcel Number: W01I002402S
• Road Frontage: 30
• Street Type: Paved
• Tax Legal Description: N MT VERNON 125KOCHS SUB L8 P14 PLATS, WCR 1/108 30 X 110