2133 E Vernor
Detroit, MI 48207

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Description

Great opportunity for infill housing development. Great opportunity for infill housing development. This lot is bundled with 2139 Vernor and 2147 Vernor= $41,400. Not sold separately. 3 lots total = 9,306 sqft. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. 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. BATVAI. See attached documents for DLBA requirements and offer submission Not sold separately. Buyer must submit an application to purchase, including construction plans or precedent architectural images of proposed development & financing plan w/ POF or Pre-approval letter or a new construction loan. 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. BATVAI. See attached documents for DLBA requirements and offer submission

Features

• Property Type: Residential Lots & Land
• Sub Type: Residential Lots & Land
• Listing Status: Active
• County/Area: Wayne County
• Zip Code: 48207
• Subdivision/Neighborhood: Flatterys
• School District: Detroit
• Lot Size: 3049 sq ft lot
• Directions: TAKE GRATIOT AVE HEAD SOUTHMAKE LEFT ONTO 2133 E VERNON
• List Price Acre: 428571.43
• Lot Size Area: 0.07
• Lot Size Square Feet: 3049
• MLS Area Major: Wayne County - 100
• MLS Area Minor: Wayne County - 100
• Main Type: Land
• Parcel Number: W09I001222S
• Road Frontage: 33
• Tax Legal Description: N VERNOR HIGHWAY E 12 EXC THAT PT TAKEN FOR OP & WD THE HWY FLATTERYS SUB L3 P86 PLATS, WCR 9/42 32.65 IRREG