3318 Clairmount St Detroit, MI 48206
Four multi-family properties in Detroit's Jamison neighborhood for sale.
Lot size:
0.08 AcresProperty Features for 3318 Clairmount St
General Information
- Property type
- Investment
- Standard status
- Pending
- Lot size
- 0.08 Acres
Building Details
- Year built
- 1922
Source:
Elliman
Listing Agency: SCS Great Lakes INC Listing Agent: Erick Monzo
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Detroit Multifamily Investment Opportunity
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.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.1161603
- Latitude
- 42.3701235
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Four multi-family properties in Detroit's Jamison neighborhood for sale.
Where is this duplex located?
The property is located at 3318 Clairmount St Detroit, MI.
What is the asking price?
The asking price for this property is $70,000.
What are key features of this property?
This property features: - Bundle of four multi-family properties in Detroit's Jamison neighborhood.; - Excellent redevelopment potential with strong rental prospects.; - Each property is configured as a 2-unit structure.
