Properties for sale in Michigan

4002 W Philadelphia Street, Detroit, MI 48204

New Listing

$59,999

Property Type: Multi Family Lot Size (sq. ft.): 3,920 Status: Active

Current Price: $59,999 List Date: 9/08/2026 Last Modified: 9/08/2026

Overview

Description

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.

Listing Details MLS# 26047652

Location Property Info

County: Wayne
Street #: 4002
Street Direction: W
Street Name: Philadelphia
Suffix: Street
State: MI
Zip Code: 48204
Zip (4): 2447

General Property Info

Lot Measurement: Acres
Lot Square Footage: 3920
Lot Acres: 0.09
Lot Dimensions: 36x104
Year Built: 1922
New Construction: No
Road Frontage: 36
Total # Units: 2
# of Diff Unit Floor Plans: Yes
Total # Bldgs: 2
Total Approx. SqFt All Bldgs: 2482
Total Parking Spaces: 4
Waterfront: No
School District: Detroit
Association YN: No

Tax Info

Tax ID #: 14002969.
Taxable Value: 13504
SEV: 24800
For Tax Year: 2025
Seller's Annual Property Tax: 2898
Tax Year: 2025

Access Feat

Accessibility Features: Yes

Income and Expenses

Annual Insurance: 2000
Annual Maintenance: 1440
Annual Mgmt. Fees: 2304
Gross Op. Inc.: 28800
Net Operating Income: 21598
Operating Expense: 7202

More Information

Unit 1

Unit #: Yes
Unit Description: 2 bedroom 1 bath
SqFt: 1241
Occupied: No
Monthly Rent: 1200
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: 3 bedrroms w/ 1 bath
SqFt: 1241
Occupied: No
Monthly Rent: 1200
Bathrooms: Yes
Full Baths: Yes

Property Features

Accessibility Feat: 36 Inch Entrance Doo Exterior Material: Brick Substructure: Crawl Space; Full Lot Description: Corner Lot Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Public Sewer; Public Water Owner Pays: None Tenant Pays: Electric; Gas; Sewer; Water Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: None Driveway: Paved Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional; Other Possession: Close Of Escrow Sale Conditions: None Unit 1: Fireplace; Garage Unit 2: Fireplace; Garage

Listing Office: Long Realty Group, LLC

Listing Agent: Jabari Long

Last Updated: September - 08 - 2026

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