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Jenn Smart

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4357 W Philadelphia , Detroit, MI 48204
$175,000
Est. Payment: $911.95/mo
0 Bed
2 Bath
2462 Sqft
Status: active with contingency | Days on site: 27
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Investment opportunity featuring a well-maintained duplex in a desirable neighborhood with immediate income potential. The upper unit is tenant occupied through April 2027, generating $1,300 per month, while the vacant lower unit offers immediate occupancy for an owner-occupant or the opportunity to lease and maximize cash flow. Both units are approved for Section 8, expanding rental flexibility. Each spacious 3-bedroom, 1-bath unit offers a functional layout with a living room, dining room, and full kitchen. The lower unit includes two refrigerators, and both units enjoy private entrances along with shared access to the basement and attic, providing valuable storage space. A newer gas forced-air furnace, installed approximately 2024, offers added peace of mind. The property is being sold as-is and presents an excellent opportunity for investors looking to expand their portfolio or buyers interested in offsetting their mortgage with rental income. Located in a neighborhood known for its friendly atmosphere and convenient access to local amenities, this duplex offers flexibility, steady income, and long-term investment potential. With one unit already producing rental income and the other ready for immediate use, this property is well-positioned for both seasoned investors and owner-occupants alike.

Highlights

Listed by Michael Perna , 248-425-5082 and Matthew Van Popering , 734-262-1900 EXP Realty The Perna Team , 888-501-7085. MiRealSource, Inc. mls logo

Property Type

Multi-Family

Lot/Acreage
0.08

Year Built

1916

County

Wayne

Area

Detroit (82001)

Neighborhood

Stormfeltz-Lovely Co Sub

School District

Detroit City School District

Listing ID

61009073

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:2
  • Full Bathrooms:2
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:2462
Basement:Common,Poured
Other:
  • Additional:Cable/Internet Avail., DSL Available
Water:Public Water

Exterior Features

Lot Dimensions:35X104
Zoning:Residential
Others:
  • Additional:Porch
Principal Interest
$912
Taxes
$355

Home Price

$175,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$35,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$911.95

Principal

Taxes

Principal Taxes HOA Total
Monthly $911.95 $354.58 $0.00 $1,266.53
Yearly $10,943.39 $4,255.00 $0.00 $15,198.39
Total $328,301.76 $127,650.00 $0.00 $455,951.76
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T03:11:55.100Z

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