3814 Montgomery Street, Detroit, Michigan 48206

$39,000

Property Details

MLS#: 20261037253
Bedrooms: 4
Bathrooms: 2
Square Feet: 1,495
Price per Sqft: $26
Lot Size: 0.13 acres
Year Built: 1915
Property Type: Residential
Status: Active
Days on Market: 13

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.

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 3814 Montgomery Street?

3814 Montgomery Street is listed at $39,000, or $26 per square foot.

How many bedrooms does 3814 Montgomery Street have?

This property has 4 bedrooms and 2 bathrooms, with 1,495 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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