$19,999
Est. payment /mo
4 Beds
1 Bath
1,495 SqFt
New
3814 Montgomery Street Detroit, MI 48206 2316
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Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,495 sqft
Price per Sqft $13
Subdivision Holden & Murrays 2Nd Sub
MLS Listing ID 61023846
Style 2 Story
Bedrooms 4
Full Baths 1
Abv Grd Liv Area 1,495
Year Built 1915
Annual Tax Amount $2,584
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 52.5X107
Property Sub-Type Single Family
Property Description
Attention investors, check out this latest offering from the Detroit Land Bank Authority. Welcome to an incredible investment opportunity in the Petoskey-Otsego neighborhood with 3 bedrooms, 1 bathroom, and over 1,400 sq. ft. of living space. Property requires a full renovation, offering investors a chance to restore a classic Detroit home. Spacious layout with original character still intact. Please note that the DLBA 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 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. Located minutes from Downtown Detroit, this home sits on a spacious lot with strong neighborhood potential. Recent sales of renovated homes in the area suggest an ARV in the $215k+ range, depending on finishes and scope of work.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Forced Air
Exterior
Garage No
Building
Story 2 Story
Foundation Basement
Water Public Water
Architectural Style Colonial, Other
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional,FHA 203K
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX Leading Edge
Nearby Locations
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