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Realty Executives Showcase Commercial

showcasecommercial@realtyexecutives.com +1(586) 726-4600

$ 7,500

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2903 MONTGOMERY Street Detroit, MI 48206

12 Beds

11,392 SqFt

UPDATED:

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

Listed by Leonard A Pickett III of RCH Brokerage Legacy Inc

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Realty Executives Showcase Commercial

+1(586) 726-4600

showcasecommercial@realtyexecutives.com