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.
Details
MLS #
20251012652
Listing Type
For Sale
Sub-Type
Resale
Status
Active
Year
1920
Days On Site
474
Listing Provided By
RCH Brokerage Legacy Inc | Leonard A Pickett III
Features
SQ Feet
11,392
Story(s)
3
Zoning
Multi-Family
Acreage
0.11
Water Front
Yes
Interior
Cooling Yes / No
No
Heating Yes / No
Yes
Heating
Natural Gas, Steam
Exterior
Roof
Rubber
Construction Materials
Brick
Foundation Details
Basement, Brick Mortar
Parking
Garage Yes / No
No
Attached Garage Yes / No
No
Taxes
Tax Annual Amount
0
Area Information
State
MI
County
Wayne
City
Detroit
Zip Code
48206
Area
Det Livernois I
Community Name
MONTCLAIR LAND CO LTD SUB (PLATS)
School District
Detroit
High School
Detroit
Sourced by Back At You
MLS Number: 20251012652
Leonard A Pickett III – (248) 440-2268 – lpickettiii@rchlegacy.com
RCH Brokerage Legacy Inc – (248) 440-2268
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MLS Number: 20251012652
Leonard A Pickett III – (248) 440-2268 – lpickettiii@rchlegacy.com
