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.
Details
| MLS # | 20261021990 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 204 |
| Listing Provided By | Keller Williams Realty-Great Lakes | Erick Monzo |
Features
| Zoning | Residential |
|---|---|
| Acreage | 0.05 |
| Water Front | Yes |
Interior
| Cooling Yes / No | No |
|---|---|
| Heating Yes / No | No |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48208 |
| Area | Det Livernois I |
| Community Name | LAFFERTY FARM SUB OF BLKS 7 THRU 12 OL2 |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in LAFFERTY FARM SUB OF BLKS 7 THRU 12 OL2) | |
Price: $25,000 low | high Med: $0 On site: 204 low | high Med: | |
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Learn More About This Property
| State | MI |
|---|---|
| County | Wayne |
| City | Detroit |
| Zip Code | 48208 |
| Area | Det Livernois I |
| Community Name | LAFFERTY FARM SUB OF BLKS 7 THRU 12 OL2 |
| School District | Detroit |
| High School | Detroit |
| Listing VS Median (in LAFFERTY FARM SUB OF BLKS 7 THRU 12 OL2) | |
Price: $25,000 low | high Med: $0 On site: 204 low | high Med: | |
