$19,999 for Sale
3814 montgomery, detroit, MI 48206
| Beds 4 | Baths 2 | 1,495 Sqft | 0.13 Acres |
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Property 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.
General Information
Sale Price: $19,999
Price/SqFt: $13
Status: Active
MLS#: 60995594
City: detroit
Post Office: detroit
Schools: detroit city school district
County: Wayne
Subdivision: holden & murrays 2nd sub
Acres: 0.13
Lot Dimensions: 52.5X107
Bedrooms:4
Bathrooms:2 (2 full, 0 half)
House Size: 1,495 sq.ft.
Acreage: 0.13 est.
Year Built: 1915
Property Type: Single Family
Style: Cape Cod
Features & Room Sizes
Bedroom 1: 11x10
Bedroom 2 : 10x10
Bedroom 3: 10x10
Bedroom 4: 10x10
Family Room:
Greatroom:
Dinning Room: 11x10
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved Street
Garage: No Garage
Exterior: Aluminum
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Watersource: Public Water
Tax, Fees & Legal
Est. Summer Taxes: $1,181
Est. Winter Taxes: $1,000
HOA fees:
Information provided by East Central Association of REALTORS
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Listing By: Nazareth Sanchez of RE/MAX Leading Edge, Phone: 313-277-7777
