3336 Monterey Street, Detroit, Michigan 48206

$30,000

Property Details

MLS#: 20251037225
Bedrooms: N/A
Bathrooms: 4
Square Feet: 4,908
Price per Sqft: $6
Lot Size: 0.14 acres
Year Built: 1925
Property Type: ResidentialIncome
Status: Active
Days on Market: 162

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

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 3336 Monterey Street?

3336 Monterey Street is listed at $30,000, or $6 per square foot.

How many bedrooms does 3336 Monterey Street have?

This property has N/A bedrooms and 4 bathrooms, with 4,908 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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