2951 Tuxedo Street Detroit, MI ^$ 145,000

2951 Tuxedo Street

^$ 145,000

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2951 Tuxedo Street

Detroit, MI, 48206

^$ 145,000

Studio Baths2.1 Sq 2,706

Monthly Estimate*

^$ 964

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Studio

Multi-Family Home for sale in Detroit, MI

for $145,000 with 2 full baths, 1 half bath. This 2,706 square foot home was built in 1924 on a lot size of 0.1.

Welcome to an exciting investment opportunity, perfect for both experienced and new investors. Located just a short distance from the famous Boston Edison neighborhood and the acclaimed Durfee Innovation Society, this property is situated in a flourishing community rich with resources and ongoing development. The recently renovated upper unit has the potential to bring in $1,200 per month, while the lower unit, already occupied by a long-term tenant of over 16 years(currently on a month-to-month lease), generates $750 monthly. Bring all offers!

Multi-Family Pending

Price

^$ 145,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 921

Style

Lot Size

0.1

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60302107

Features

General

Heating Baseboard

Cooling Central A/C

Possession At Close

Exterior Features Patio Exterior Balcony

Water Public Water

Status Pending Pending

Full Baths 2

Half Baths 1

Bathrooms 3

Year Built 1924

Subdivision TUXEDO ADDITION SUB (PLATS) MI

Water Heater Gas

County Wayne

Class MULTIFAMILY

Type Multi-Family

Percent Ownership Private

Municipality Detroit

Zoning Multi-Family

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20240025945

Directions East of Dexter and South of Davison then East on Tuxedo

City Detroit

School District Detroit City School District

Street Name Tuxedo

Financial Terms Cash Conventional FHA VA

Legal Description S TUXEDO 122 TUXEDO ADDITION SUB L33 P35 PLATS W C R 12/195 34 X 123.37A

DOM 9

Postal Code 48206

Price Per Sq Ft Total 53.58

Coming Soon Welcome to an exciting investment opportunity

Interior

Basement Block Partially Finished

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Frontage 0

Lot Size Area 0.1

Lot Dimensions 34.00 x 123.00

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Farheen Din

Listing Agent

Inside Realty, Llc

Broker

farheen@insiderealty.com

Affordability Calculator

$1,040

Per Month

Monthly Principal & Interest: $964
Monthly Property Taxes: $77
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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THE TIME TO SELL IS NOW!

Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$226,693

Percent of Sale Price 56%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/22/2024	$145,000		Listed Price

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2951 Tuxedo Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $145,000 with 2,706 sqft and a lot size of 0.1. 2951 Tuxedo Street is a studio with 2.1 baths and was built in 1924. The property's zip code is 48206 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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2951 Tuxedo Street

Multi-Family Home for sale in Detroit, MI

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