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Ryan Maceri

mhgrealtors@gmail.com +1(586) 519-6259

$ 90,000

Est. payment | -/mo

4 Baths

4,792 SqFt

Save

$ 90,000

Est. payment | -/mo

Save

4 Baths

4,792 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

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

Listing Terms Cash

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

County Wayne

Rooms

Basement Unfinished

Interior

Heating Other Heating Source

Fireplace No

Exterior

Pool None

View Y/N No

Garage false

WaterfrontY/N No

Building

Foundation Basement, BrickMortar

Sewer Public Sewer

Water Public

New Construction No

New Construction Y/N No

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition GovernmentOwned, ShortSaleNo

Pets Allowed Call

Listed by Erick Monzo of Keller Williams Realty-Great Lakes

NEARBY SCHOOL & BUSINESS

Ryan Maceri

Agent

+1(586) 519-6259 | mhgrealtors@gmail.com

GET MORE INFORMATION

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6420 Tuxedo ST Detroit, MI 48204

Ryan Maceri

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Go tour this home

6420 Tuxedo ST