3814 Montgomery StreetDetroit, MI 48206

About

This Home

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.

Details

Property Type

Residential

Style

Single Family Residence

Year Built

1915

Lot Size

0.13 acres

Garage Spaces

0

Heating

Forced Air, Natural Gas

Cooling

None

Basement

Unfinished

Annual Taxes

$2,584

MLS #

20261067423