For sale

1695 Monterey Street
Detroit, MI 48206

$15,000

Bedrooms
3
Bathrooms
1
Finished sq ft
1,772
Lot
0.16 acres
Year built
1916
Garage
1 spaces
Property type
Single Family Residence
County
Wayne
MLS #
20261013268

About this home

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.