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2959 Tuxedo Street Detroit, MI $ 200,000
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2959 Tuxedo Street
$ 200,000
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2959 Tuxedo Street

Detroit, MI, 48206
$ 200,000
Baths2.0 Sq 2,264

Monthly Estimate*

$ 1,248

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Studio

Multi-Family Home for sale in Detroit, MI

for $200,000 with 2 full baths. This 2,264 square foot home was built in 1923 on a lot size of 0.1.

LOCATED 6 MINUTES FROM THE INFAMOUS BOSTON EDISON HISTORIC DISTRICT, YOU WILL FIND 2959 TUXEDO NESTLED ON A 4,356 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF, GUTTERS, TRIM AND CONSISTS OF 2 RECENTLY REMODELED SPACIOUS UNITS. EVERY WINDOW HAS BEEN UPGRADED WITH TOP OF THE LOW E MAINTENANCE FREE APPOINTMENTS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS 2 BRAND NEW FURNACES AND 2 NEW HOT WATER TANKS. IN ADDITION, EACH UNIT HAS EVERY INCH OF BRAND NEW PLUMBING AND EVERY INCH OF BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $2660 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PERCENT. THE TAXES HAVE BEEN REDUCED TO ROUGHLY $200 PER MONTH. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

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Multi-Family Active

Price

$ 200,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,050

Style

Colonial

Lot Size

0.1

Year Built

1923

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251061733
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style Colonial
Pool Features None
Construction Materials Brick
Pets Allowed Call
Year Built 1923
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 31920.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name TUXEDO ADD SUB
Garage Y/N N
Full Baths 2
Status Active
Directions DAVISON FWY TO DEXTER AVE SOUTH ON DEXTER AVE LEFT ON TUXEDO ST TO PROPERTY.
City DetroitCity_Wayne
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description Residential
Number Of Units Total 2
MLS Area Area05041Det68GrfldDequindre
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 2050.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 20546
Expected Active Date 2025-12-28
Legal Description S TUXEDO 121 TUXEDO ADDITION SUB L33 P35 PLATS W C R 12/195 34 X 123.42A
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2264.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 34X123.42
Lot Size Acres 0.1
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2959
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* Excluded Features
List By
Lauryn Johnson

Listing Agent

Kw Domain

Broker

(248) 207-2994

Phone

Affordability Calculator

$1,419
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,248
Monthly Property Taxes
$171
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
848539 Elementary School
848135 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
12/28/2025$200,000 Listed Price

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2959 Tuxedo Street, Detroit, MI, 48206 is a Multi-Family Home for sale at $200,000 with 2,264 sqft and a lot size of 0.1. 2959 Tuxedo Street is a studio with 2.0 baths and was built in 1923. The property's zip code is 48206 which is in Detroit, MI

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