259 mount vernon, detroit, MI 48236

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 = $48,000. 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.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Leonard Pickett of RCH Brokerage Legacy Inc

This listing last updated: Wed, November 29, 2023 at 6:16:55 PM EST

MIRealSource Listing Data Last Updated On Saturday, July 6 2024 at 7:10am