$90,000

9809 Philip Street, Detroit, MI 48224

3 beds |
1 bath |
997 sqft

Single-Family Home
Built in 1938
3,485sqft lot
—— car garage
$90/sqft
Listed 1 day ago

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.

Listing Status:: Active
Data Last Updated:: May 20, 2026 at 7:43PM
Listing Office:: Real Broker, LLC Troy : 5172003245
Listing Agent:: Ryan Lonsway : 2487657691
MLS ID:: 20261036412

Basement: Unfinished
Heating: Forced airNatural gas

Style: Bungalow
Pool: None
Parking: No garage

General: BrickOneAndOneHalfBasementBlock

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

Zoning: W PHILIP 301 PARK MANOR DEVELOPMENT COS PARK DR SUB L45 P42 PLATSW C R 21/670 35 X 101.50W21I060407S

Water: Public
Sewer: Public sewer

Source: Realcomp II Ltd

This listing courtesy of Ryan Lonsway , Real Broker, LLC Troy

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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