3336 Monterey ST Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 4,908 sqft
Price per Sqft $6
Subdivision Linwood Heights
MLS Listing ID 20251037225
Style Colonial
Full Baths 4
Year Built 1925
Property Sub-Type MultiFamily
Property Description
Discover an exceptional opportunity in the heart of one of Detroit's emerging neighborhoods! This 4-unit multifamily property with almost 5,000 square feet offers great potential. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. Please note that the Detroit Land Bank Authority 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 and lot combinations 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. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Location
State MI
County Wayne
Area Area05043Detlivernoisi756Gdriver
Interior
Heating ForcedAir, NaturalGas
Exterior
Pool None
View Y/N No
Building
Foundation Basement, Block
Sewer PublicSewer
Water Public
Schools
School District Detroit
Others
Acceptable Financing Cash, QuitClaimsDeed
Listing Terms Cash, QuitClaimsDeed
Special Listing Condition GovernmentOwned, ShortSaleNo