14
See all 14 photos
$80,000
Est. payment /mo
3 Beds
1 Bath
997 SqFt
Price Dropped by $5K
9809 Philip Street Detroit, MI 48224 2894
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Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 997 sqft
Price per Sqft $80
Subdivision Park Manor Dev Cos Park Drive Sub
MLS Listing ID 60994629
Style 1 1/2 Story
Bedrooms 3
Full Baths 1
Abv Grd Liv Area 997
Year Built 1938
Annual Tax Amount $770
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 35X101.5
Property Sub-Type Single Family
Property Description
Turnkey Detroit Investment Opportunity! This beautifully renovated 3-bedroom, 1-bath all-brick bungalow on Detroit's east side is the perfect addition to any investor's portfolio. Renovated in 2025, the property features updated finishes while maintaining its classic brick charm. Currently tenant-occupied at $1,050/month on a month-to-month lease, offering immediate cash flow from day one with additional upside potential through future rent increases over time. The tenant is current on all payments, takes pride in the home, and would like to remain in place for added stability. Professionally managed by a local property management company, giving buyers the flexibility to retain management for a seamless transition or self-manage the asset. Whether you're a seasoned investor or just getting started, this is a solid income-producing property with strong rental potential in a growing Detroit market. Subject to tenants right. Please do not disturb the tenants. No showings without an accepted offer. Photos were taken before the tenants moved in.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Unfinished
Interior
Heating Forced Air
Exterior
Garage No
Building
Story 1 1/2 Story
Foundation Basement
Water Public Water
Architectural Style Bungalow
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Real Broker, LLC Troy
NEARBY SCHOOL & BUSINESS
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