514 MOUNT VERNON Street Detroit, MI 482022
Welcome to the latest offering from the Detroit Land Bank Authority. single family home with an attached lot ready for your development ideas. Home needs extensive rehab, but there are excellent opportunities available with this property. 506 mt vernon is also included in the sale. 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
- Property TypeSingle Family Home
- NeighborhoodKochs Sub
- CountyWayne
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site164 Days
- MLS StatusActive
- MLS ID Number60276602
- Home Size Source N/A
- Year Built1910
- Lot Size0.08 Acres
- Full Baths2
- Partial BathsN/A
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