$30,000
For Sale

238 MT VERNON

Detroit, MI 48202
Browse 4 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Great lot for infill building located in Detroit’s bustling North End neighborhood. This lot is sold as a bundle of 3 with 224 Mt Vernon and 246 Mt Vernon.=Totaling $58,000. 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. All offers due by noon April 3,2020.

  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • School DistrictDetroit
      • RegionDetroit
      • CountyWayne
  • Other
      • MLS #2200016591
  • -

    Location

    Workhorse Realty LLCReal Estate Group
    $
    years

    Down Payment

    $
    %
    10.0%

    Interest Rate

    %
    6.0%

    Tax Rate

    %
    2.6%
    $
    $
    annually
    $
    monthly

    Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

    Estimated Monthly Payment
    $0.00
    Loan Amount
    $0.00