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About the Listing 104247 - RC438534
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.
Listing Highlights
Status
Active
Days on Site
29
Property Type
Residential
MLS ®
60995594
Year Built
1915
Total Square Footage
1,495
Lot/Acreage
0.13
County
Wayne
Neighborhood
Holden & Murrays 2nd Sub
Area
Detroit (82001)
School District
Detroit City School District
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1495
- Below Ground Sq Ft: n/a
- Basement: Unfinished
- Other: Cable/Internet Avail.
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 52.5X107
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $2,181
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
3814 Montgomery Detroit, MI 48206
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