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Listed price in listed location currency (USD).
$114,999

310

MLS® 20261031374

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 1158 sqft
Garage 
Taxes $1,007
Days Active 107
Lot Size 0.09 Acres
Approx. Age 1940
Avg. Price Per Sqft $99
MLS® Number 20261031374

Property Address: 5035 Philip St, Detroit, MI, 48224-2939

Average square foot calculated using Size range provided by listing agent.

Description

Updated property. Paying tenant. Immediate income. That's the kind of deal investors look for before somebody else grabs it. With Cash Flow Already Moving. This one is for the buyer who wants income without walking into a project. Fully remodeled in 2025 and already tenant-occupied at **$1, 150/month** with a lease in place through "August 2026." That's **$13, 800/year in gross rental income** from day one. Inside, the heavy lifting has already been done: updated kitchen, new cabinets, fresh tile, modern appliances, and clean finishes that today's tenants actually want. No guessing. No "maybe it rents." The tenant is already there and paying. For investors, the cap rate will depend on the final purchase price and expenses, but the math starts strong with a steady monthly income already in place. Bring your numbers and run them. This could be a solid addition to the portfolio. Location is another big plus. You're in an improving east side pocket with quick access to the Ford Freeway, roughly "15 minutes to Downtown Detroit", minutes from "Chandler Park", close to "Grosse Pointe, " and a short drive to waterfront spots, shopping, dining, and everyday amenities. Updated property. Paying tenant. Immediate income. That's the kind of deal investors look for before somebody else grabs it.
MLS® Number20261031374
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1940
BasementUnfinished
DrivewayNo Garage
Garage Spaces
HeatForced Air, Natural Gas
A/C

Extras

Price History

Last Sold Price

$1,150$1.2K

Appreciation

--

Avg. Days Listed

14 days

Today, For Sale for $114,999

View of front of house featuring brick siding
For Sale · 120 days

$114,999

MLS® 20261031374

4 months ago

Not Sold Yet

May 2026, For Sale for $114,999

View of front of house featuring brick siding
For Sale · 120 days

$114,999

MLS® 20261031374

4 months ago

Not Sold Yet

August 2025, Leased for $1,150

IMG_0364.jpg
Leased · 1 day

$1,150

MLS® 20251023720

A year ago

Sold on Aug 6, 2025

April 2025, Sold for $129,000

Sold · 26 days

$129,000$135,000

MLS® 20250016606

A year ago

Sold on Apr 8, 2025

Home Estimate Zoopraisal®

This property is estimated to sell between: $89,000 and $128,000.
Similar properties in this area sold on average for: $89,164
Expected to sell very soon! Similar properties sold in 65 days. This home has been on Zoocasa for 107 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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