6420 Tuxedo Street, Detroit, MI 48204
Local realty services provided by:CENTURY 21 Affiliated
6420 Tuxedo Street,Detroit, MI 48204
$90,000
- - Beds
- 4 Baths
- 4,792 sq. ft.
- Multi-family
- Active
Listed by: erick monzo
Office: keller williams realty-great lakes
MLS#:20251053840
Source:MI_REALCOMP
Price summary
- Price:$90,000
- Price per sq. ft.:$18.78
About this home
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.
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Home facts
- Year built:1924
- Listing ID #:20251053840
- Added:25 day(s) ago
- Updated:December 16, 2025 at 11:00 AM
Rooms and interior
- Total bathrooms:4
- Full bathrooms:4
- Living area:4,792 sq. ft.
Heating and cooling
- Heating:Other Heating Source
Structure and exterior
- Year built:1924
- Building area:4,792 sq. ft.
- Lot area:0.11 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$90,000
- Price per sq. ft.:$18.78
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