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5181 Tuxedo St, Detroit, MI, 48204

5beds
2baths
1,794sqft
$97,000
$54price/sqft
$1,113/moest. monthly cost
$44,520/yrincome needed

About This Home

Presenting an amazing investment opportunity. Constructed in 1920, this property offers a unique opportunity to acquire a piece of an existing real estate portfolio, professionally managed with an existing Section 8 tenant. This property represents an exceptional opportunity to acquire a residence of significant character and enduring appeal.

Getting Around

61
WalkingSomewhat Walkable
50
TransitGood Transit
54
BikeBikeable

Schools

3/10
4/10

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Basement,Block
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom

  • Level: Second
  • Area: 100
  • Dimensions: 10 X 10

Bedroom

  • Level: Second
  • Area: 110
  • Dimensions: 11 X 10

Bedroom

  • Level: Second
  • Area: 110
  • Dimensions: 11 X 10

Bedroom

  • Level: Entry
  • Area: 100
  • Dimensions: 10 X 10

Bedroom

  • Level: Entry
  • Area: 100
  • Dimensions: 10 X 10

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Finished area above ground: 1,794

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 1,794 sqft

Other

  • Level: Second
  • Area: 35
  • Dimensions: 5 X 7

Other

  • Level: Entry
  • Area: 35
  • Dimensions: 7 X 5

Property

Details

  • Parcel number: W16I005612S
  • Special condition: Short Sale No,Standard
  • Exclusions: Exclusion(s) Do Not Exist

Features

  • Levels: Two
  • Stories: 2
  • Entry location: GroundLevelwSteps
  • Pool features: None
  • Patio & porch: Porch

Lot

  • Lot size: 4,356 sqft
  • Lot size dimensions: 35 x 127.61

Parking

  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Tsunami

FEMA Declared Disasters in Wayne County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $490$5,880
Home Insurance *$310$3,720
Property Taxes $118$1,416
Electricity $195$2,348
Total$1,113$13,356
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$38,160/yr
40% on housing$33,390/yr
45% on housing$29,680/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$54This listing

vs Other Active Listings

Avg $/sqft

ZIP 48204$47
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48204$70
Wayne County$129

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-24Price change$97,000
2025-01-01Pending sale$75,000
2024-12-24Sold$68,000
2024-09-20Listed for sale$75,000
2024-09-05Pending sale$75,000
2024-08-27Listed for sale$75,000
2022-02-11Listing removed--
2021-08-13Listed for rent$2,200
2021-06-24Sold$17,500

For Sale by Agent

AgentAlan C Robson
BrokerageParc Brokerage LLC

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