MI
Wayne
Detroit City
48215
1055 Philip Street
1055 Philip Street, Detroit City, MI 48215
Share Listing
Listing Type
Commercial/Industrial
Listing Status
Active
1
$900,000

Home Details for 1055 Philip Street

Price
$900,000
Type
Commercial Sale
Bedrooms
21
Bathrooms
Square feet
11949
Year built
1928
Lot size acres
0.15
County
Wayne
Garage
Days on site
19
MLS Listing#
20251054700
Property Description

1055 Philip St is a 20-unit multifamily investment opportunity located between Grosse Pointe Park and Jefferson Chalmers. The property features a newer front roof, individually metered units for tenant-paid utilities, wall furnaces in each unit, and an existing radiator system that provides an alternative heating option if desired. Tenants also have access to a shared downstairs storage area that could be rented out for additional revenue. Public transportation is easily accessible, with a bus station just steps away on E Jefferson Ave, making for a quick 12-minute commute to Downtown Detroit. This property is strategically positioned near major development, including the $45 million Schaap Center for the Performing Arts expansion in Grosse Pointe Park. Whether you’re a seasoned investor or entering the multifamily space, 1055 Philip offers strong cash flow, upside potential, and a prime location within Detroit’s east-side resurgence.

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Radiant
  • Water Features
    • Public
Listing Courtesy: Saturn Realty Group - 313-838-1045
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EXIT UNITED REALTY PROFESSIONALS
611 W. Nine Mile Rd, Ferndale, MI 48220
Office
248 677 3220
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