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About This Home
This 8-bedroom, 4-bathroom residential multi family at 3336 Monterey Street in Detroit, MI is listed for $30,000 ($6 per sqft). Built in 1925, the home offers 4,908 sqft of living space on a 0.14 acres lot.
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.
Key Features
- Built in 1925
- 0.14 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$160/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3336 Monterey Street
Detroit, MI 48206
Linwood Heights
Property Details
Construction
Heating
Questions & Answers
This 8-bedroom, 4-bathroom residential multi family at 3336 Monterey Street is listed at $30,000 ($6/sqft). The estimated monthly payment is $130 based on 20% down at 6.5% interest.
Key features include: Built in 1925, 0.14 acre lot, 2 stories.
This property is listed by Natasha C Richards and can be reached at (248) 274-6614 or natasharichards@comcast.net.
