About 3336 Monterey Street
Discover an exceptional opportunity in the heart of one of Detroit’s emerging neighborhoods! This 4-unit multifamily property with almost 5,000 square feet offers great potential. Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. 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 and lot combinations 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.
Features of 3336 Monterey Street
| MLS® # | 20251037225 |
|---|---|
| Price | $30,000 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 4,908 |
| Acres | 0.14 |
| Year Built | 1925 |
| Type | Multifamily |
| Sub-Type | Colonial |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 3336 Monterey Street |
|---|---|
| Area | 05043 - Det: Livernois-I75 6-Gd River |
| Subdivision | LINWOOD HEIGHTS |
| City | Detroit city |
| County | Wayne |
| State | Michigan |
| Zip Code | 48206 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Brick |
|---|---|
| Foundation | Basement, Block |
School Information
| District | Detroit |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Bellabay Realty Tri Counties |
|---|---|
| Contact Info | natasharichards@comcast.net |