2626 Tyler Street, Detroit, Michigan 48238
$19,900
Property Details
- MLS#: 20251038948
- Bedrooms: N/A
- Bathrooms: 4
- Square Feet: 3,696
- Price per Sqft: $5
- Lot Size: N/A
- Year Built: 1924
- Property Type: ResidentialIncome
- Transaction: For Sale
- Listing Status: Active
- Days on Market: 357
Tax and Assessment Information
Assessment evidence unavailable.
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.
Location
This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 2626 Tyler Street?
2626 Tyler Street is listed at $19,900, or $5 per square foot.
How many bedrooms does 2626 Tyler Street have?
This property has N/A bedrooms and 4 bathrooms, with 3,696 square feet of living space.
Ask about this property
Contact Sonic Realty to verify current availability or ask about this listing. A showing is only arranged after the listing team confirms it.
Phone: (313) 484-4696
Email: [email protected]
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