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Detroit, MI, 48206 • Jamison • Wayne County
$32/sqft
Down payment assistance available
4Beds
2Baths
2,208Sqft
0.08 acLot
1922Built
Duplex Style
Built 1922 · 104 years of history
COONLEYS SUB
Jamison
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120 days on market
Established listing
$32/sqft
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Multi Family · Built 1922 · Historic
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.
Based on current rates
Est. 6.75% rate · 30yr fixed · $56,000 loan
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2 schools rated nearby
Detroit, MI, 48206
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Detroit, MI • Wayne County
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