$39,000 for Sale
3814 montgomery street, detroit, MI 48206
| Beds 4 | Baths 2 | 1,495 Sqft | 0.13 Acres |
|
1 of 1 |
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: $39,000
Price/SqFt: $26
Status: Active
MLS#: rcomi20261037253
City: detroit
Post Office: detroit
Schools: detroit
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:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved
Garage: No Garage
Construction: Aluminum
Exterior: Aluminum
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer (Sewer-Sanitary)
Watersource: Public (Municipal)
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,181
Est. Winter Taxes: $1,000
Govt Ownership: HUD
Legal Description: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2029. N MONTGOMERY 262 W 17.5FT 263 HOLDEN & MURRAYS 2ND SUB L27 P77 PLATS, W C R 14/161 52.5 X 107 2004 SPLIT SALE ACQUIRED 1/2 OF L OT 14002648
IDX provided courtesy of Realcomp II Ltd. via Prestige Real Estate Group and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders
Listing By: Nazareth Sanchez of RE/MAX Leading Edge, Phone: (313) 277-7777
