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6420 Tuxedo Street, Detroit, MI 48204

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For Sale

$90,000

4 baths • 4,792 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $18.78
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# 20251053840

Courtesy Of SCS Great Lakes INC
19900 E. Ten Mile Rd., St. Clair Shores, MI 48080
(586) 541-4000

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Lot Size
    0.11 Acres
  • Rooms
    Basement

Map and Directions

Directions to 6420 Tuxedo Street, Detroit, MI 48204

Home seller CENTURY 21 Curran & Oberski

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Curran & Oberski

(248) 264-1700
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.