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About This Home
This land at 259 MOUNT VERNON Avenue in Detroit, MI is listed for $12,000 (0.08 acres).
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.
Key Features
- 0.08 acre lot
Location
259 MOUNT VERNON Avenue
Detroit, MI 48236
KOCHS SUB (PLATS)
Questions & Answers
This 0-bedroom, 0-bathroom land at 259 MOUNT VERNON Avenue is listed at $12,000. The estimated monthly payment is $52 based on 20% down at 6.5% interest.
Key features include: 0.08 acre lot.
This property is listed by Leonard A Pickett III and can be reached at (248) 440-2268 or lpickettiii@rchlegacy.com.
