$19,900

2626 Tyler Street, Detroit, MI 48238

  • 4 baths |
  • 3,696 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $5/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

4-Unit Investment Opportunity in Dexter-Linwood Neighborhood – Detroit Land Bank Owned Fantastic opportunity to restore this four-unit property in the Dexter-Linwood neighborhood of Detroit. Each unit features two bedrooms and one bath, making it ideal for a redevelopment project with strong rental potential. The parcels are government-owned and included in the Detroit Land Bank Authority (DLBA) program. 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. How to Apply: Interested buyers must submit a proposal that includes: 1. Project Proposal (intended use of structure + timeline) 2. Proof of Funds (bank statement or lender letter), 3. Scope of Work (breakdown of renovation costs), 4. Proof of Previous Projects: (include addresses and photos). 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. BATVAI. IDRBNG.

Listing Status:
Active
Listing Office:
Keller Williams Realty-Great Lakes : 5865414000
Listing Agent:
Erick Monzo : 5862103350
MLS ID:
20251038948
  • Basement: Unfinished
  • Heating: Forced airNatural gas
  • Style: Quadruplex
  • Pool: None
  • General: BrickTwoBasementBrick mortar
  • Road/Access: Paved
  • Originating MLS: Realcomp II Ltd
  • School District: Detroit
  • County: Wayne
  • Zoning: N TYLER 4 BUNGALOW GROVE SUB L31 P38 PLATSW C R 10/132 35 X 92W10I004133S
  • Water: Public
  • Sewer: Public sewer
  • Source: Realcomp II Ltd

This listing courtesy of Erick Monzo, Keller Williams Realty-Great Lakes

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Durfee Elementary-Middle School

2425 Tuxedo St, Detroit, MI, 48206

Grades KG-8

0.74 miles away

D

Durfee Elementary-Middle School

2425 Tuxedo St, Detroit, MI, 48206

Grades KG-8

0.74 miles away

C

Central Academy and High School

2425 Tuxedo St, Detroit, MI, 48206

Grades 9-12

0.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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