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$70,000
Est. payment /mo
3 Baths
2,548 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,548 sqft
Price per Sqft $27
Subdivision Mi
MLS Listing ID 60940364
Style 2 Story
Full Baths 2
Half Baths 1
Year Built 1924
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 36X100
Property Sub-Type Multi-Family
Property Description
Fantastic Investment Opportunity – Jamison Neighborhood, Detroit This rare bundle of four multi-family properties in Detroit's Jamison neighborhood is now available, offering excellent redevelopment potential with strong rental prospects. Included in the sale are: 3307 Clairmount, 3349 Clairmount, 3298 Clairmount, and 3318 Clairmount. Each property is configured as a 2-unit structure, with each unit featuring 2 bedrooms and 1 full bath. Combined, this package represents a substantial opportunity for an investor or developer to restore and reposition multiple income-generating assets within a growing rental market. Application Requirements: Interested buyers must submit a complete proposal package that includes: 1. Project Proposal – Outline intended use of the structure and provide a renovation timeline. 2. Proof of Funds – Current bank statement or lender pre-approval letter. 3. Scope of Work – Detailed breakdown of renovation costs and improvements. 4. Proof of Previous Projects – Provide addresses and photos of completed work to demonstrate experience. Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.
Location
State MI
County Wayne
Area Detroit (82001)
Zoning Residential
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Story 2 Story
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Government Owned
Energy Description Natural Gas
Financing Cash
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Keller Williams Realty-Great Lakes
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