$90,000
Est. payment /mo
4 Baths
4,792 SqFt
Pending
6420 Tuxedo ST Detroit, MI 48204
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 4,792 sqft
Price per Sqft $18
Subdivision Ponchartrain Heights Sub
MLS Listing ID 20251053840
Style Quadruplex
Full Baths 4
Year Built 1924
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type MultiFamily
Property Description
Discover an incredible investment opportunity at 6420 Tuxedo St, Detroit, MI. This 1924 multi-family home offers four units, each with one bathroom, and strong cash-flow potential once renovated. The property retains classic architectural character and is ready for your value-add vision. Zoned R3 Low-Density Residential, this district supports single-family, two-family, townhome, multi-family, and garden-style apartment developments—ideal for long-term growth or a full-scale renovation project in a revitalizing neighborhood. Interested buyers should consult the proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit's Planning and Development Department for additional context about the neighborhood. To submit a complete DLBA proposal, include buyer information (name, contact, entity, and purchase price including renovation costs), note any previous DLBA purchases, provide a renovation budget, timeline, and financing plan (proof of funds and lender pre-approval if applicable), and outline your renovation experience, contractor details, and post-renovation plans (sell or rent). Optional materials such as letters of support, community involvement, or CRIO certification can strengthen your application. Proposals are evaluated on price, feasibility, experience, financial capacity, and community impact. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement 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 abatement on the purchase and development financing.
Location
State MI
County Wayne
Area Area05042Det6Tiregrnfldlivernois
Rooms
Basement Unfinished
Interior
Heating Other Heating Source
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Basement, BrickMortar
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition GovernmentOwned, ShortSaleNo
Pets Allowed Call
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Listed by Erick Monzo of Keller Williams Realty-Great Lakes
NEARBY SCHOOL & BUSINESS
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