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3 Beds
1 Bath
997 sqft

$75,000

9809 Philip Street, Detroit City Wayne Michigan, 48224

Price per sqft$75.23
Built in1938
Property size997 sqft
Property typeResidential

Overview

Active

Listed May 20, 2026

Updated 3 weeks ago

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.

$499/mo

Est. mortgage payment based on a $75,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20261036412

Interior Features

Bedrooms
3
Bathrooms
1
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$770
Tax Frequency
Annually
55+/Senior Community
No

 

Courtesy of Real Broker, LLC Troy

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Data last updated 4:31 AM UTC, 9/15/2026

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