1695 Monterey Street, Detroit, Michigan 48206

$15,000

Property Details

MLS#: 20261013268
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,772
Price per Sqft: $8
Lot Size: 0.16 acres
Year Built: 1916
Property Type: Residential
Status: Active
Days on Market: 2

Description

Development opportunity in up and coming area with lots of revitalization happening. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Room sizes are estimates. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 1695 Monterey Street?

1695 Monterey Street is listed at $15,000, or $8 per square foot.

How many bedrooms does 1695 Monterey Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,772 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

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