4002 W Philadelphia Street Detroit, MI $ 59,999
4002 W Philadelphia Street
$ 59,999
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4002 W Philadelphia Street

Detroit, MI, 48204
$ 59,999
Baths3.0

Monthly Estimate*

$ 379

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Studio

Multi-Family Home for sale in Detroit, MI

for $59,999 with 3 full baths. This home was built in 1922 on a lot size of 0.09.

Attention Investors! Capitalize on this turnkey BRRRR or buy-and-hold opportunity with a solid brick two-family flat situated on a beautiful, tree-lined street. Priced to move and optimized for immediate equity, the property eliminates future capital expenditures with a brand new roof, new gutters, and fully upgraded plumbing and electrical systems, alongside a desirable two-car detached garage. The transaction is structured for a rapid close with title work already completed and a motivated seller ready to convey immediately via Warranty Deed, plus accessible fix-and-flip funding available for qualified buyers. To protect the asset and streamline operations, buyers must submit Proof of Funds (POF) or a Pre-Approval Letter prior to scheduling any showings.

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Multi-Family Active

Price

$ 59,999

Bedrooms

Studio

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,898

Style

2 to 4 Units

Lot Size

0.09

Year Built

1922

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

26047652

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling None
Utilities Natural Gas Available Electricity Available Cable Available Natural Gas Connected Electricity Connected
Possession Close Of Escrow
Construction Materials Brick
Year Built 1922
Tenant Pays Electric Water Sewer Gas
Township Detroit City
Property Subtype 2 to 4 Units
Tax Year 2025
Ownership Private Owned
Gross Income 28800.0
Accessibility 36 Inch Entrance Doo
County Wayne
Net Operating Income 21598.0
Operating Expense 7202.0
Insurance Expense 2000.0
New Construction N
Property Type Multi Family
Attached Garage N
MaintenanceExpense 1440.0
Subdivision Name STORMFELTZ-LOVELEY CO SUB
Status Active
City Detroit
High School District Detroit
Number Of Units Total 2
Lot Size Units Acres
Lot Size Square Feet 3920.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 2898.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 13504
Legal Description N PHILADELPHIA 298 STORMFELTZ-LOVELEY CO SUB L29 P99 PLATS W C R 14/167 36 X 104
Senior Community None
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Interior
Basement Crawl Space Full
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Total Baths 3
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Exterior
Parking Features Paved
Lot Features Corner Lot
Total Parking 4.0
Lot Size Area 0.09
Number of Buildings 2
Spa N
Lot Dimensions 36x104
Lot Size Acres 0.09
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 4002
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* Excluded Features
List By
Long Realty Group, Llc

Broker

jabari@cashflowintl.com

Email

Affordability Calculator

$620
Per Month
61%
39%
0%
Monthly Principal & Interest
$379
Monthly Property Taxes
$242
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3706345 Elementary School
3706341 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2026$59,999 Listed Price

Map


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4002 W Philadelphia Street, Detroit, MI, 48204 is a Multi-Family Home for sale at $59,999 with a lot size of 0.09. 4002 W Philadelphia Street is a studio with 3.0 baths and was built in 1922. The property's zip code is 48204 which is in Detroit, MI