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Backup Offers

3242 Tyler St, Detroit, MI, 48238

$120,000

Home List Price

$1,425*

Closing Credit

2 Full Baths
2,050 SqFt
$59/SqFt
Multi

Location

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3242 Tyler St, Detroit$120,000

Buyer Closing Credits

$1,425*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1925
HeatingForced Air, Natural Gas
BasementYes
MLS #20240082866
Lot Size0.09 Acres
StatusAccepting Backup Offers

About 3242 Tyler St

This unique investment opportunity features two units, each with 2 bedrooms, 1 bathroom, separate kitchens and spacious living rooms. The lower-level unit is currently tenant occupied but will be vacant at closing. You can choose to occupy the space as your primary or place a tenant and get an immediate return on your investment. The unit is a blank canvas for you to bring your vision to reality while maintaining the natural character that comes with a property nestled on the Westside of Detroit. Located just steps away from I-96 and Davison Fwy, you are minutes from local restaurants, shopping centers, and amenities. The upper-level unit has a proven track record of being a high functioning Airbnb that generates consistent monthly income. The Airbnb is currently fully furnished and retro themed presenting you with the opportunity to add to your portfolio. There is also a second story patio so you can enjoy your nights under the stars. Do not miss your opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: UpperLowerApartment
  • Year Built: 1925
  • Living Area: 2,050 SqFt

Listing Office:

  • Office Name: National Realty Centers, Inc
  • Office Phone: (248) 468-1444
  • Listing Agent: Jaleissa Speight

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Take exit 56B to Davison Fwy and turn left on Wildemere St. Turn right on Tyler St and your destination is on the right side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $120,000
  • Price Per SqFt: $59/SqFt

Tax Information:

  • Annual Amount: $51
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

3242 Tyler St vs Detroit

45 DAYS ON ROCKET

-4 Days

$120,000

+$34.9K More

$59/SqFt

-$9 Less

KEY TAKEAWAY

This property is $34.9K more than the Median Sold Price and $9/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240082866

Listing Office:

  • Office Name: National Realty Centers, Inc
  • Office Phone: (248) 468-1444
  • Listing Agent: Jaleissa Speight

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$51 -
2020$34$400
2018$34$400
2017$35$400

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4556461
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.79 miles

  • Public Charter Grades KG-5

school-card-donut-4556462
1
/10

  • George Washington Carver Elementary School

  • 14510 2nd Ave

  • 1.83 miles

  • Public Charter Grades PK-4

school-card-donut-4556463
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 2.47 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,577. The most common annual income of people living in Detroit, MI is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48238›3242 Tyler St

This home is located at 3242 Tyler St in Detroit, MI and zip code 48238 in the Midtown neighborhood. This 2,050 square foot home, which was built in 1925, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 02, 2024 and is currently priced at $120,000.

While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. While the average time on the market in November 2024 was 49 days, the median list price was $85,016.

From Rocket Homes Real Estate and based on county public records data.

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