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About This Home
This 4-bedroom, 2-bathroom single family at 3814 Montgomery Street in Detroit, MI is listed for $39,000 ($26 per sqft). Built in 1915, the home offers 1,495 sqft of living space on a 0.13 acres lot.
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.
Key Features
- Built in 1915
- 0.13 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$209/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3814 Montgomery Street
Detroit, MI 48206
Holden & Murrays 2nd Sub
Features & Amenities
Interior Features
Property Details
Construction
Heating
Questions & Answers
This 4-bedroom, 2-bathroom single family at 3814 Montgomery Street is listed at $39,000 ($26/sqft). The estimated monthly payment is $169 based on 20% down at 6.5% interest.
Key features include: Built in 1915, 0.13 acre lot, 2 stories. Interior Features: Cable Available.
This property is listed by Nazareth Sanchez and can be reached at (313) 277-7777 or nazsanchezrealtor@gmail.com.
