2747 Montgomery
Detroit, MI 48206

Description

Great for experienced investors. This vacant land is sold only with the apartment building across the street (2903 Montgomery) totaling $20,000 for both. The lot is to be used for parking or green space for future tenants of that building.The seller is the Detroit Land Bank Authority. 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 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.

Details

MLS#219054648
Sub-TypeResale
StatusActive
Days On Site64

Features

ZoningResidential
Acreage0.19

Market Activity 48206

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Area Information

StateMI
CountyWayne
CityDetroit
Zip Code48206
AreaDet: Livernois-I75 6-Gd River
Listing VS Median (in 48206)
Price:
$10,000
low | high
Med:
$59,900
100% of Average
On Site:
64
low | high
Med:
326
19.631901840491% of Average
Listing Updated: 08/16/2019
MLS Number: 219054648
Listing Provided By:
Leonard A Pickett III  of  RCH Brokerage Legacy Inc
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