Detroit Multifamily Investment
For Sale
$30,000
3336 Monterey St, Detroit, MI 48206
Four-unit multifamily property in Detroit's emerging neighborhood.
Property Size4,908 SF
Lot Size0.14 Acres
Price / SF$6
Days on Market164
Property Features for 3336 Monterey St
General Information
Standard status
Active
Size
4,908 SF
Lot size
0.14 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$2,319
Building Details
Building Size
4,908 SF
Year Built
1925
Units
4
Listing Agency:
Bellabay Realty Tri Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Mar 11
Changed: Aug 17
Last Checked: Aug 20 at 10:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellabay Realty Tri Counties
Investment Insights
Based on property information with market context.
This four-unit multifamily property, encompassing almost 5,000 square feet, is located in an emerging Detroit neighborhood and presents an exceptional opportunity. 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. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the five tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. 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 will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.
Key Highlights
- Large 4‑unit multifamily property with almost 5,000 square feet.
- Located in an emerging Detroit neighborhood.
- Offers great potential for renovation and development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 48206, MI
15,712
Population
10,784
Households
1.5
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
3.1 sq mi
ZIP Area
5,068
Density / Sq Mi
$43,702
Median Household Income
$36,674
Median Earnings
$923
Median Rent
$102,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property in Detroit's emerging neighborhood.
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.; Offers **great potential for renovation and development**.
