6420 Tuxedo St Detroit, MI 48204

Located at 6420 Tuxedo St, Detroit, MI, this multi-family home, constructed in 1924, presents an investment opportunity. The property features four units, each including one bathroom, and offers cash-flow potential following renovation. The building maintains its original architectural style. Zoned R3 Low-Density Residential, the property is suited for single-family, two-family, townhome, multi-family, and garden-style apartment developments. Buyers should consult proposal guidelines for new build opportunities and review Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department. Proposals should include buyer information, purchase price including renovation costs, previous DLBA purchases, a renovation budget, timeline, financing plan, renovation experience, contractor details, and post-renovation plans. Optional materials such as letters of support, community involvement, or CRIO certification can strengthen the application. Proposals are evaluated on price, feasibility, experience, financial capacity, and community impact. The DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property and will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests.