$10,000

2903 Montgomery Street

Detroit MI, 48206

Description

Great for experienced investors. Looking for a buyer to rehab this apartment complex, included in the deal is the vacant land across the street (2747 Montgomery) totaling $20,000 for both. The lot is to be used for parking or green space for future tenants of this building.The seller is the Detroit Land Bank Authority. 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 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. Please see attached documents for DLAB requirements. BATVAI

Details

MLS#219054583
Sub-TypeResale
StatusActive
Year1920
Days On Site95

Features

SQ Feet11,392
Units3
Building(s)1

Market Activity 48206

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48206
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48206)
Price:
$10,000
low | high
Med:
$59,950
100% of Average
SqFt:
11,392
low | high
Med:
5,344
100% of Average
$ / SqFt:
$1
low | high
Med:
$23
100% of Average
On Site:
95
low | high
Med:
202.5
46.913580246914% of Average
Listing Updated: 09/17/2019
MLS Number: 219054583
Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by realcomp II Ltd.® MLS.