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About This Home

This 4-bedroom, 3-bathroom single family at 4002 W Philadelphia Street in Detroit, MI is listed for $62,500 ($25 per sqft). Built in 1922, the home offers 2,482 sqft of living space on a 0.09 acres lot.

Agent Description

Major capex is already done. A brand new roof and gutters mean zero deferred maintenance up top, and the plumbing and electrical have both been upgraded. The expensive, behind-the-walls work is finished. From here, it's all upside. Windows need replacing, an easy and budget-friendly forced-appreciation play, while a massive unfinished bungalow attic sits primed to convert into an additional bedroom.

Add a bed, add rent, add value on day one. The 2-car detached garage rounds it out as an extra income stream or premium tenant draw. Ideal BRRRR or buy-and-hold. Priced to move. Bring your cash and your vision. Serious investors only. Cash or PML preferred.

Key Features

  • Built in 1922
  • 0.09 acre lot
  • 2 stories

Property Details

2 stories
2 full, 1 half
1922

Monthly Cost Estimate

$334/mo

20% down · 6.5% · 30 years

Principal$45
Interest$271
Insurance$18

Estimates only. Actual payments may vary.

Location

4002 W Philadelphia Street

Detroit, MI 48204

Stormfeltz-Lovely Co Sub

Property Details

Construction

Brick

Heating

Forced Air

Questions & Answers

This 4-bedroom, 3-bathroom single family at 4002 W Philadelphia Street is listed at $62,500 ($25/sqft). The estimated monthly payment is $271 based on 20% down at 6.5% interest.

Key features include: Built in 1922, 0.09 acre lot, 2 stories.

This property is listed by John Larson and can be reached at (586) 541-4000 or jalarson@kw.com.

JL

John Larson

Agent at Keller Williams Realty-Great Lakes

(586) 541-4000

Listed by Keller Williams Realty-Great Lakes · View on Broker Site

MLS# 20261045168· Source: listhub· Updated 1 days ago

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4002 W Philadelphia Street, Detroit, MI 48204

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