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

4002 W Philadelphia Street

^$ 59,999

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Recently Listed

4002 W Philadelphia Street

Detroit, MI, 48204

^$ 59,999

Studio Baths0.0 Sq 2,482

Monthly Estimate*

^$ 379

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Studio

Multi-Family Home for sale in Detroit, MI

for $59,999. This 2,482 square foot 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.

Multi-Family Active

Price

^$ 59,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,898

Style

Lot Size

0.09

Year Built

1922

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

70557308

Features

General

Heating Forced Air

Cooling None

Status Active Active

Year Built 1922

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 21598

Municipality Detroit

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description N PHILADELPHIA 298 STORMFELTZ-LOVELEY CO SUB L29 P99 PLATS W C R 14/167 36 X 104

DOM 1

Postal Code 48204

Price Per Sq Ft Total AG 24.17

Public Remarks Attention Investors! Capitalize on this turnkey BRRRR or buy-and-hold opportunity with a solid brick two-family flat situated on a beautiful

Exterior

Exterior Brick

Frontage 36

Lot Size Area 0.09

Lot Dimensions 36x104

Roads Paved Street

Waterfront Y/N No

Interior

Total Number of Units 2

Fuel Type Natural Gas

* Excluded Features

List By

Jabari Long

Listing Agent

Long Realty Group, Llc

Broker

jabari@cashflowintl.com

Affordability Calculator

$620

Per Month

Monthly Principal & Interest: $379
Monthly Property Taxes: $242
Monthly Home Insurance: --

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Interest Rate

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Yearly 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

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$255,194

Percent of Sale Price 325%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/8/2026	$59,999		Listed Price

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4002 W Philadelphia Street, Detroit, MI, 48204 is a Multi-Family Home for sale at $59,999 with 2,482 sqft and a lot size of 0.09. 4002 W Philadelphia Street is a studio with 0.0 baths and was built in 1922. The property's zip code is 48204 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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4002 W Philadelphia Street

Multi-Family Home for sale in Detroit, MI

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