Development opportunity in up and coming area with lots of revitalization happening. Interested buyers must submit a complete proposal package for DLBA approval, including a project proposal, proof of funds, site plan or concept drawing, and proof of previous development experience. Room sizes are estimates. Sale is contingent upon execution of a DLBA Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This provision may be incompatible with certain tax abatements, lot combinations, or assemblages. Waiver requests may be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after DLBA review of the development pro forma and financing.
Listed By
Agency Name: Next Level Realty & Investments
Agency Phone: (734) 506-0076
Shown By
Agent Name: The Realty Couple
Agent Phone: (734) 506-8841
Agency Title: Key Realty
Estimated Payment
$ 88.28 per month $83.91 Principal & Interest $0.00 Property Tax (data not provided by mls) $4.38 Homeowner's Insurance
1695 Monterey Street | MLS# 20261013268
This single family home located at 1695 Monterey Street, Detroit, MI 48206 is currently listed for sale with an asking price of $15,000. This property was built in 1916 and has 3 bedrooms and 1 full baths with 1772 sq. ft. Monterey Street is located in the Robert Oakmans Monterey Heights Sub subdivision within the Detroit school district. Search Robert Oakmans Monterey Heights Sub real estate on www.therealtycouple.com today.