3814 Montgomery Street, Detroit, MI 48206 2316
- $19,999
- 4
- BD
- 1
- BA
- 1,495
- SqFt
- List Price
- $19,999
- Status
- ACTIVE
- MLS#
- 61023846
- Days on Market
- 36
- Style
- Colonial, Other
- Year Built
- 1915
- Bedrooms
- 4
- Bathrooms
- 1
- Acres
- 0.13
- Living Area
- 1,495
- Municipality
- Detroit
- Region
- Detroit
- Township
- Detroit
- Subdivision
- Holden & Murrays 2nd Sub
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.
Additional Information
- Lot Dimensions
- 52.5 x 107
- Heating
- Natural Gas, Forced Air
- Basement
- Yes
- Basement Description
- Unfinished
- Foundation
- Basement
- Water
- Public
- School District
- Detroit City School District
Mortgage Calculator
Listing Courtesy of RE/MAX Leading Edge, Office Phone: 313-277-7777
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.