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    3336 Monterey St Detroit, MI 48206

    For Sale
    $30,000

    Colonial - Detroit, MI

    Property size:
    4,908 SF
    Lot size:
    0.14 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 3336 Monterey St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Bathrooms
    4
    APN
    W12I003695S
    Basement Y/N
    1
    Size
    4,908 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1925
    Floors in Building
    2
    Building materials
    Brick
    Architectural style
    Colonial

    Bellabay Realty Tri-Counties (248) 274-6614 [email protected]

    Listing agent Natasha C Richards (248) 274-6614

    Listing date Sep 24, 2025

    MLS# 20251037225 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Detroit Multifamily Investment Opportunity

    This four-unit multifamily property, located in Detroit, encompasses almost 5,000 square feet. The sale is contingent on the execution of a development agreement between the buyer and seller. Proposals must include proof of funds documentation, development timelines, and offer amounts. Renovation experience, whether with the Detroit Land Bank Authority (DLBA) or not, must be demonstrated with addresses and before-and-after photos. The Detroit Land Bank Authority is entitled to a tax capture for the five tax years following the property ownership transfer. This tax capture may not be compatible with tax abatements and lot combinations. The 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 amount will be determined after reviewing the development proforma and the effect of any tax abatements on the purchase and development financing. The property is zoned for residential use and is situated on a 0.14-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1248064
    Latitude
    42.3826252

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property in Detroit with significant potential.
    Where is this quadplex located?
    The property is located at 3336 Monterey St Detroit, MI.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Large 4-unit multifamily property with almost 5,000 square feet.; - Located in an emerging Detroit neighborhood.; - Built in 1925 with Colonial architectural style and brick construction.
    (248) 274-6614
    Request Owner's contact information
    3336 Monterey St Detroit, MI 48206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3336 Monterey St Detroit, MI 48206
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