9809 Philip StreetDetroit, MI 48224

About

This Home

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.

Details

Property Type

Residential

Style

Single Family Residence

Year Built

1938

Lot Size

0.08 acres

Garage Spaces

0

Heating

Forced Air, Natural Gas

Cooling

None

Basement

Unfinished

Annual Taxes

$770

MLS #

20261082546

Gallery