Fantastic Investment Opportunity - Jamison Neighborhood, Detroit This rare bundle of four multi-family properties in Detroit's Jamison neighborhood is now available, offering excellent redevelopment potential with strong rental prospects. Included in the sale are: 3307 Clairmount, 3349 Clairmount, 3298 Clairmount, and 3318 Clairmount. Each property is configured as a 2-unit… Read More structure, with each unit featuring 2 bedrooms and 1 full bath. Combined, this package represents a substantial opportunity for an investor or developer to restore and reposition multiple income-generating assets within a growing rental market. Application Requirements: Interested buyers must submit a complete proposal package that includes: 1. Project Proposal - Outline intended use of the structure and provide a renovation timeline. 2. Proof of Funds - Current bank statement or lender pre-approval letter. 3. Scope of Work - Detailed breakdown of renovation costs and improvements. 4. Proof of Previous Projects - Provide addresses and photos of completed work to demonstrate experience. Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered on a case-by-case basis and may require a payment in lieu of taxes, determined after review of the development pro forma and financing. Read Less
Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams Realty-Great Lakes, (586) 541-4000
Listing Snapshot
Days Online
190
Last Updated
Property Type
Multifamily
Square Ft.
2,112
Lot Size
0.08 Acres
Year Built
1922
MLS Number
20251039215
30 Days Snapshot Of 48206
$101k
-18%
(avg) sold price
18
+28%
homes sold
93
+10%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved
Basement
Unfinished, Basement?: 1
Building
2 total units, 2 two-bedroom units, Built in 1922, Architectural style: Duplex, Brick, 2,112 total square feet, 2,112 combined square feet, 1,056 total basement square feet, Unit count: 2
Fireplaces
Fireplace?: 0
Foundation
Basement
Garage
Garage?: 0
Water Features
Public (Municipal)
Heating
Forced Air, Natural Gas
Lot
Lot size area: 0.08, Lot size dimensions: 34X100
Miscellaneous
Gross scheduled income: $0, Income projection: Actual, Monthly rental income: $0, Net operating income: $0
Pool
Pool?: 0
Property
Property type: Multifamily
Taxes
Tax amount (summer): $26, Tax amount (winter): $2
Sewer
Sewer (Sewer-Sanitary)
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