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    487 Philip St Detroit, MI 48215

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    For Sale
    $274,900

    Turnkey investment property in a desirable, upcoming Detroit area.

    Lot size:
    0.12 Acres

    Property Features for 487 Philip St

    General Information

    Lot size
    0.12 Acres

    Building Details

    Year built
    1919

    Source: Estate #1 Realty Group LLC Agent Michael A Eaton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rehabilitated Income Property in Detroit

    This income property is located in a highly upcoming and desirable area. The property has been completely rehabilitated from top to bottom and was recently used as an Airbnb. Both units are fully finished, and all furniture and appliances will remain with the property, offering a turnkey investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.938434
    Latitude
    42.3674194

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    FAQs

    What type of property is this?
    Duplex - Turnkey investment property in a desirable, upcoming Detroit area.
    Where is this duplex located?
    The property is located at 487 Philip St Detroit, MI.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: - Turnkey ready: Fully furnished with all appliances included.; - Rehabbed from top to bottom.; - Great income property with Airbnb potential.
    (248) 416-3936
    Request Owner's contact information
    487 Philip St Detroit, MI 48215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    487 Philip St Detroit, MI 48215
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