For Sale
9809 Philip Street, Detroit, MI 48224
$80,000
MLS # 20261036412 (Realcomp)
3 beds1 bath997 sqftBuilt 19380.08 acres
1 / 14
Listing Description
Turnkey Detroit Investment Opportunity! This beautifully renovated 3-bedroom, 1-bath all-brick bungalow on Detroit’s east side is the perfect addition to any investor’s portfolio. Renovated in 2025, the property features updated finishes while maintaining its classic brick charm. Currently tenant-occupied at $1,050/month on a month-to-month lease, offering immediate cash flow from day one with additional upside potential through future rent increases over time. The tenant is current on all payments, takes pride in the home, and would like to remain in place for added stability. Professionally managed by a local property management company, giving buyers the flexibility to retain management for a seamless transition or self-manage the asset. Whether you’re a seasoned investor or just getting started, this is a solid income-producing property with strong rental potential in a growing Detroit market. Subject to tenants right. Please do not disturb the tenants. No showings without an accepted offer. Photos were taken before the tenants moved in.
Source: SparkMLS
About this home
3-bedroom, 1-bath, 997 sq ft home in Denby in Detroit built in 1938.
Listed at $80,000 (about $80/sq ft).
Property tax estimate: $520 per year ($43/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area997 sqft
Lot Size0.08 acres
Year Built1938
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
SewerPublic
InteriorHome Warranty
Sale & Financing
Listed5/18/2026
Original Price$90,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$672
Tax Year2025
State Equalized Value$8,100
Assessed Value$8,100
Parcel #21060407.
Source: Public Records
Legal Description
W PHILIP 301 PARK MANOR DEVELOPMENT COS PARK DR SUB L45 P42 PLATS, W C R 21/670 35 X 101.50
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Ryan Lonsway
Real Broker, LLC Troy
Frequently Asked Questions about 9809 Philip Street, Detroit, MI 48224
Which school district serves 9809 Philip Street, Detroit, MI 48224?
Per MLS# 20261036412, 9809 Philip Street, Detroit, MI 48224 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What financing options are available for 9809 Philip Street, Detroit, MI 48224?
Per MLS# 20261036412, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 9809 Philip Street, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $770. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 9809 Philip Street, Detroit, MI 48224 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 9809 Philip Street, Detroit, MI 48224 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 9809 Philip Street, Detroit, MI 48224?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$520
Monthly$43
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$562
Principal & interest$519
Property taxes$43
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
9809 Philip Street, Detroit, MI 48224
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Neighborhood
Denby
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Community
Detroit
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County
Wayne County
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