2903 MONTGOMERY Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
Key Details
Property Type Commercial
Sub Type Real Estate Only
Listing Status Active
Purchase Type For Sale
Square Footage 11,392 sqft
Price per Sqft $0
Subdivision Montclair Land Co Ltd Sub (Plats)
MLS Listing ID 20251012652
Bedrooms 12
Year Built 1920
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 46.50X106.70
Property Sub-Type Real Estate Only
Source Realcomp II Ltd
Property Description
Calling all investors to update this 13 unit brick apartment building. No interior access. Included in the deal is the vacant land across the street (2747 Montgomery).The lot is to be used for parking or green space for future tenants of this building. Buyer needs to eliminate exterior blight within 180 days of purchase. Compliance for eliminating exterior blight is windows, doors installed, holes in exterior & roof fixed, exterior lighting, register property as vacant with BSEED. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. 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 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. BATVAI Please see attached docs.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Multi-Family
Direction TAKE DEXTER SOUTH PASS JOY RD MAKE LEFT ONTO MONTGOMERY
Interior
Hot Water Natural Gas
Heating Steam
Heat Source Natural Gas
Exterior
Roof Type Rubber
Road Frontage Paved
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Level or Stories 3 Story
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W12I001592S
Ownership Government Owned,Short Sale - No
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Full Service