3814 Montgomery Street, Detroit, MI 48206
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Salvatore Palazzolo

Salvatore Palazzolo

+1(248) 927-8521
$ 39,000
Est. payment | /mo

4 Beds

2 Baths

1,495 SqFt

Save
$ 39,000
Est. payment | /mo
Save

4 Beds

2 Baths

1,495 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,495 sqft

Price per Sqft $26

MLS Listing ID 20261037253

Bedrooms 4

Full Baths 2

Year Built 1915

Annual Tax Amount $2,181

Lot Size 5,662 Sqft

Acres 0.13

Lot Dimensions 52.5X107

Property Sub-Type Single Family Residence

Source Realcomp

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.

Location

State MI

County Wayne

Direction W DEXTER E W GRAND BLVD

Interior

Heating Forced Air

Exterior

View Y/N No

Roof Type Asphalt

Garage No

Building

Story 2

Sewer Public

Water Public

Structure Type Aluminum Siding

Schools

School District Detroit

Others

Tax ID W14I002647S

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition {"Other":true}

Listed by RE/MAX Leading Edge
Salvatore Palazzolo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 927-8521

salpalazzolo@icloud.com

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3814 Montgomery Street