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2626 Tyler St, Detroit, MI, 48238

8beds
1baths
3,696sqft
$19,900
$5price/sqft
$588/moest. monthly cost
$23,520/yrincome needed

About This Home

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.

Getting Around

67
WalkingSomewhat Walkable
49
TransitSome Transit
51
BikeBikeable

Schools

3/10
4/10

Construction

Condition

  • Year built: 1924

Materials

  • Foundation: Basement,Brick Mortar
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Quadruplex
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 1
  • Full bathrooms: 4

Features

  • Finished area above ground: 3,696

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 3,696 sqft

Property

Details

  • Parcel number: W10I004133S
  • Zoning description: Residential
  • Special condition: Government Owned,Short Sale No

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 35 x 92