2903 Montgomery Street is a $2,500, 11,392 square foot, 19 bedroom, 13.0 bath home on a 0.11 acre lot located in Detroit, MI.
Calling all investors!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. No interior access. 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.
|Above Grade Sqft||11,392|
Porch - Covered
Zoning - Multi-Family
Montclair Land Co Ltd Sub (Plats)
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