2626 Tyler Street Active Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48238
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20251038948
Year Built 1924
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 35X92
Source Realcomp
Property Description
4-Unit Investment Opportunity in Dexter-Linwood Neighborhood – Detroit Land Bank OwnedFantastic 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
State MI
County Wayne
Area Wayne County - 100
Zoning Residential
Direction From Rosa L Park Blvd, go west on Davison St, then south on Lawton St, then west on Tyler St.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W10I004133S
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition {"Other":true}