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48208 Market info

$54,500

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  • 0.09 Acres
  • MLS# 20240024963
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This great investment opportunity is located in a growing and vibrant community, located a few minutes from Downtown Detroit, Corktown and major expressways, I-75 and I-96. Zoned for Residential and Multifamily projects. Lot size is 30x130. Interested buyers should consult our 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. 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.

Property Information

Status
Active 
Address
5034 Vermont Street 
City
Detroit 
Zip
48208 
Lot Size
0.09 
Lot Dimensions:
30 x 130 
Zoning
Residential
Water
Public (Municipal) 
Listing Date
04/17/2024 
List Price
$54,500
Subdivision
Sub Of Lot 1 Lafferty Farm N Of Gd River (plats) 
County
Wayne 

School Information

School District
Detroit 

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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
24014206 Canceled Active Jul 23 2024 5:03PM 120
20240024963 Active Apr 17 2024 8:36PM $54,500 373
24014206 Active Mar 25 2024 4:34PM $54,500 120
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

By proceeding, you consent to receive calls, emails, and texts from Real Estate One and others about your inquiry and other home-related matters, but not as a condition of any purchase. To opt-out, you can reply 'stop' to texts or click the unsubscribe link in the emails. Msg/data rates may apply. View Privacy Policy.

Listing Broker

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Listing Courtesy of Bellabay Realty Tri Counties
(248) 274-6614
Office Address 37361 Eight Mile Road

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Our Michigan real estate agents can answer all of your questions about 5034 Vermont Street, Detroit MI 48208. Real Estate One, Max Broock Realtors, and J&J Realtors are part of the Real Estate One Family of Companies and dominate the Detroit, Michigan real estate market. To sell or buy a home in Detroit, Michigan, contact our real estate agents as we know the Detroit, Michigan real estate market better than anyone with over 100 years of experience in Detroit, Michigan real estate for sale.

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5034 Vermont Street Detroit
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$54,500
For Sale • Acres: 0.09 • School District: Detroit