3318 Clairmount St Detroit, MI 48206

This offering presents a collection of four multi-family properties situated in Detroit’s Jamison neighborhood. The properties, located at 3307 Clairmount, 3349 Clairmount, 3298 Clairmount, and 3318 Clairmount, are configured as 2-unit structures. Each unit includes 2 bedrooms and 1 full bath. This package provides an opportunity for redevelopment and repositioning of income-generating assets within a growing rental market. Interested buyers must submit a complete proposal package that includes a project proposal outlining the intended use of the structure and a renovation timeline, proof of funds with a current bank statement or lender pre-approval letter, a scope of work detailing renovation costs and improvements, and proof of previous projects with addresses and photos of completed work to demonstrate experience. The sale is contingent on execution of a Detroit Land Bank Authority (DLBA) Renovation/Development Agreement. The DLBA is entitled to a tax recapture for the five tax years following transfer of ownership. This may be incompatible with certain abatements or lot combinations. Waiver requests will be considered and may require a payment in lieu of taxes, determined after review of the development pro forma and financing.