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Listed price in listed location currency (USD).
$7,500

000

MLS® 20251012652

Overview

Key Facts

Type 
Levels Commercial Sale
Size 11392 sqft
Garage 
Taxes 
Days Active 317
Lot Size 
Approx. Age 1920
MLS® Number 20251012652

Property Address: 2903 Montgomery St, Detroit, MI, 48206-3730

Average square foot calculated using Size range provided by listing agent.

Description

Calling all investors to update this 13 unit brick apartment building. No interior access. 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. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. 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.
MLS® Number20251012652
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 3, 2025List Date
$7,500List Price

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