5
See all 5 photos
$25,000
Est. payment /mo
2,178 Sqft Lot
Active
5161 Vermont ST Detroitcity_wayne, MI 48208
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Key Details
Property Type Vacant Land
Sub Type UnimprovedLand
Listing Status Active
Purchase Type For Sale
Subdivision Lafferty Farm Sub Of Blks 7 Thru 12 Ol2
MLS Listing ID 20261021990
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type UnimprovedLand
Property Description
Three contiguous residential lots in Detroit's highly desirable Woodbridge neighborhood are being offered as a bundled package: 5175 Vermont, 5169 Vermont, and 5161 Vermont. These parcels must be purchased together and cannot be split, making them an excellent opportunity for a new-build infill development in one of the city's fastest-growing areas. Zoned residential, the lots provide strong potential for creative redevelopment and long-term value. Interested buyers are required to submit a complete proposal package that includes a project proposal outlining intended use and timeline, proof of funds such as a bank statement or lender letter, a detailed scope of work with projected development costs, and proof of previous projects including addresses and photos. The sale is contingent on execution of a DLBA Renovation/Development Agreement. Please note, the Detroit Land Bank Authority is entitled to a five-year tax recapture following transfer of ownership, which may limit eligibility for certain abatements or lot combinations. Waiver requests will be reviewed on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. BATVAI. IDRBNG.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Fireplace No
Exterior
View Y/N No
Garage false
Building
Sewer Sewer At Street
Water WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes
NEARBY SCHOOL & BUSINESS
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