3307 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 an investor or developer to restore and reposition 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, a detailed breakdown of renovation costs and improvements, and proof of previous projects demonstrating experience. The sale is contingent on execution of a Detroit Land Bank Authority Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five tax years following transfer of ownership, which 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.