Estimated payment $5,590/month
Ideally located in Detroit’s vibrant North End, this fully renovated 8-unit multifamily property offers a strong investment opportunity. The unit mix includes six 3-bedroom/1-bath units and two 2-bedroom/1-bath units. Seven of the eight units are currently leased, with one unit vacant and ready for occupancy.Each residence features a contemporary kitchen, updated bathroom, in-unit laundry, and charming dual-balcony decks. Just blocks from the Detroit People’s Food Co-op and situated near major redevelopment corridors, the property combines historic character with modern living. Adjacent Vacant Lot can be included for the right price. Whether you're expanding an existing portfolio or making your first multifamily purchase, this is great opportunity.
Listing Agent
Berkshire Hathaway HomeServices The Loft Warehouse License #6501379736 Listed on: 05/16/2025
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| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2025 05/16/25 | For Sale | $995,000 | -- | $159 / Sq Ft |
$925,000
1055 Philip St is a 20-unit multifamily investment opportunity located between Grosse Pointe Park and Jefferson Chalmers. This building includes 19 one-bedroom units and 1 two-bedroom unit. With area rental comps supporting $800 to $1,000 per one-bedroom unit, the property offers a projected gross monthly income between $16,000 and $20,000. Using a conservative estimate of $18,000/month, the
Tiroca Battle REALTEAM Real Estate
Source: Realcomp
MLS Number: 20250031725
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393