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About This Home

This 8-bedroom, 4-bathroom residential multi family at 2626 Tyler Street in Detroit, MI is listed for $19,900 ($5 per sqft). Built in 1924, the home offers 3,696 sqft of living space on a 0.07 acres lot.

Agent 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.

Key Features

  • Built in 1924
  • 0.07 acre lot
  • 2 stories

Property Details

2 stories
4 full
1924

Monthly Cost Estimate

$106/mo

20% down · 6.5% · 30 years

Principal$14
Interest$86
Insurance$6

Estimates only. Actual payments may vary.

Location

2626 Tyler Street

Detroit, MI 48238

Bungalo Grove Sub

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 2626 Tyler Street is listed at $19,900 ($5/sqft). The estimated monthly payment is $86 based on 20% down at 6.5% interest.

Key features include: Built in 1924, 0.07 acre lot, 2 stories.

This property is listed by Erick Monzo and can be reached at (586) 541-4000 or erick@monzogroup.com.

EM

Erick Monzo

Agent at Keller Williams Realty-Great Lakes

(586) 541-4000

Listed by Keller Williams Realty-Great Lakes · View on Broker Site

MLS# 20251038948· Source: listhub· Updated 248 days ago

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2626 Tyler Street, Detroit, MI 48238

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