Detroit Multi-Family Investment
For Sale
$90,000
6420 Tuxedo St, Detroit, MI 48204
Four-unit property with renovation potential in Detroit, Michigan.
Property Size4,792 SF
Lot Size0.11 Acres
Days on Market166
Property Features for 6420 Tuxedo St
General Information
Standard status
Active
Size
4,792 SF
Lot size
0.11 Acres
Property subtype
Investment
Building Details
Building Size
4,792 SF
Year Built
1924
Units
4
Listing Agency:
SCS Great Lakes INC
(586) 210-3350
Listed By:
Erick Monzo
(586) 210-3350
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 21 at 1:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SCS Great Lakes INC
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Strong cash‑flow potential after renovation due to four units.
- R3 zoning allows for various development options.
- Opportunity for value‑add renovation project in a revitalizing neighborhood.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 48204, MI
21,738
Population
13,691
Households
1.6
Avg Household Size
37
Median Age
10%
College-Educated
83%
High-School Grad
5.0 sq mi
ZIP Area
4,348
Density / Sq Mi
$32,875
Median Household Income
$26,701
Median Earnings
$970
Median Rent
$53,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with renovation potential in Detroit, Michigan.
Where is this quadplex located?
The property is located at 6420 Tuxedo St Detroit, MI.
What is the asking price?
The asking price for this property is $90,000.
What are key features of this property?
This property features: Strong cash‑flow potential after renovation due to four units.; R3 zoning allows for various development options.; Opportunity for value‑add renovation project in a revitalizing neighborhood.
