4225 TYLER Street, Detroit, MI 48238

$15,000 Asking Price

2 beds
1 bath
1,144  sqft
Built in 1924

Welcome to the latest offering from the Detroit Land Bank Authority. This 2 bedroom frame colonial is located in the heart of up and coming Russell Woods. Be advised that this property needs a full rehab, but the upside is incredible. Bring your hard hat, your ideas and your tool belt. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines

Features & Amenities

Interior

Basement:
Unfinished
Heating:
Forced air, Natural gas

Exterior

Style:
Colonial
Pool:
None
Parking:
One car garage, Detached

Construction

General:
Aluminum siding, Two, Basement, Block

Location

Road/Access:
Paved
Originating MLS:
Realcomp II Ltd
School District:
Detroit
County:
Wayne

Lot

Zoning:
S TYLER 104 RUSSELL WOODS SUB L34 P3 PLATS, W C R 14/195 35 X 115, W14I005263S

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
Realcomp II Ltd

This listing courtesy of:
Real Estate One-Southfield, Gene Kelley II

About Detroit, MI

Housing

Number of Units
292,561
Median Home Value
$70,234
Median Rent
$679

53.65% of housing units are renter occupied.

18.25% are vacant.

Commute

Car
71.17%
Public Transportation
5.99%
Walk to Work
3.15%
Work from Home
17.73%
Other
1.42%

The median travel time to work is 23 minutes.

People

Population
593,210
Median Age
36.40
Median Household Size
2.38

Education

High School
33.32%
Associate’s Degree
7.33%
Bachelor’s Degree
9.43%
Graduate Degree
6.96%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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