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Latonia Knox

lknox@axenrealty.com +1(678) 674-7929

$39,000

Est. payment - /mo

4 Beds

2 Baths

1,495 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type SingleFamilyResidence

Listing Status Active

Purchase Type For Sale

Square Footage 1,495 sqft

Price per Sqft $26

Subdivision Holden & Murrays 2Nd Sub

MLS Listing ID 20261037253

Style CapeCod

Bedrooms 4

Full Baths 2

Year Built 1915

Lot Size 5,662 Sqft

Acres 0.13

Property Sub-Type SingleFamilyResidence

Property Description

Attention investors, check out this latest offering from the Detroit Land Bank Authority. Welcome to an incredible investment opportunity in the Petoskey-Otsego neighborhood with 3 bedrooms, 1 bathroom, and over 1,400 sq. ft. of living space. Property requires a full renovation, offering investors a chance to restore a classic Detroit home. Spacious layout with original character still intact. Please 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 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. Located minutes from Downtown Detroit, this home sits on a spacious lot with strong neighborhood potential. Recent sales of renovated homes in the area suggest an ARV in the $215k+ range, depending on finishes and scope of work.

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features NoGarage

Pool None

Utilities Available AboveGroundUtilities, CableAvailable, UndergroundUtilities

View Y/N No

Roof Type Asphalt

Garage false

Building

Foundation Basement, BrickMortar

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Conventional, FHA203K, WarrantyDeed

Listing Terms Cash, Conventional, FHA203K, WarrantyDeed

Special Listing Condition GovernmentOwned, ShortSaleNo

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Listed by Nazareth Sanchez of RE/MAX Leading Edge

Nearby Locations

Latonia Knox

Broker Associate | License ID: Ga: 365526 Mi: 6506048686

+1(678) 674-7929 | lknox@axenrealty.com

3814 Montgomery ST Detroit, MI 48206

Latonia Knox

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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