$90,000

6420 Tuxedo Street, Detroit, MI 48204

  • 4 baths |
  • 4,792 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $19/sqft
  • Property List Date Icon Listed 8 months ago

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.

Listing Status:
Pending
Date Added:
November 20, 2025
Data Last Updated:
July 21, 2026 at 8:45PM
Listing Office:
Keller Williams Realty-Great Lakes : 586-541-4000
Listing Agent:
Erick Monzo : 586-808-6436
MLS ID:
60954797
  • A/C: Other
  • Heating: Other-See Remarks
  • General: BrickTwoBasement
  • Road/Access: Paved
  • Originating MLS: MiRealSource
  • School District: Detroit City School District
  • County: Wayne
  • Zoning: N TUXEDO 109 PONTCHARTRAIN HEIGHTS SUB L34 P50 PLATSW C R 16/224 40.44 X 118.56
  • Water: Public
  • Source: MiRealSource

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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