3318 Clairmount Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,112 sqft
Price per Sqft $33
Subdivision Coonleys Sub
MLS Listing ID 20251039215
Style Duplex
Bedrooms 2
Full Baths 2
Year Built 1922
Annual Tax Amount $27
Lot Size 3,484 Sqft
Property Sub-Type Duplex
Property Description
Fantastic Investment Opportunity – Jamison Neighborhood, Detroit This rare bundle of four multi-family properties in Detroit's Jamison neighborhood is now available, offering excellent redevelopment potential with strong rental prospects. Included in the sale are: 3307 Clairmount, 3349 Clairmount, 3298 Clairmount, and 3318 Clairmount. Each property is configured as a 2-unit structure, with each unit featuring 2 bedrooms and 1 full bath. Combined, this package represents a substantial opportunity for an investor or developer to restore and reposition multiple income-generating assets within a growing rental market. Application Requirements: Interested buyers must submit a complete proposal package that includes: 1. Project Proposal – Outline intended use of the structure and provide a renovation timeline. 2. Proof of Funds – Current bank statement or lender pre-approval letter. 3. Scope of Work – Detailed breakdown of renovation costs and improvements. 4. Proof of Previous Projects – Provide addresses and photos of completed work to demonstrate experience. Important Note: Sale is contingent on execution of a DLBA Renovation/Development Agreement. The Detroit Land Bank Authority is entitled to a tax recapture for the five (5) tax years following transfer of ownership. This 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.
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Residential
Interior
Heating Forced Air
Building
Foundation Basement
Sewer Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Detroit
Others
Acceptable Financing Cash
Listing Terms Cash