$40,000

14014 Washburn Street, Detroit, MI 48238

  • 2 beds |
  • 1 bath |
  • 876 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1924
  • Property Lot Size Icon3,920sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $46/sqft
  • Property List Date Icon Listed 14 days ago

Property Description

This 2-bed, 1-bath ranch sits on a corner lot with high ceilings, amazing natural light, a full basement, and a large attic, offering the kind of structure investors look for when building long-term cash flow. The seller has already absorbed the major capital expenses that typically stall deals or blow up budgets: a new roof, premium windows from Los Angeles, all new plumbing, and a full interior gut and rebuild. Drywall and paint are complete, the bathroom is prepped for final finishes, and the kitchen is partially installed with custom cabinetry and ready for cosmetic completion. The front of the home has been updated with new stucco, and a new paver walkway is already in place. The remaining work is straightforward and strategic: final cosmetics, some electrical and addressing the foundation, which will likely require attention but does not negate the solid structure already in place. This is not a scenario where hidden systems or deferred maintenance will erode returns. The heavy lifting is already done, allowing an investor to control costs and timelines. Directly across the street on Washburn, three lots are owned by the Detroit Land Bank Authority, presenting future potential to expand your footprint or benefit from surrounding redevelopment. The area is actively improving, with a strong investor presence and continued momentum. Projected rental income supports an estimated ARV of approximately $1,100–$1,200 per month, positioning this property as a true buy-and-hold opportunity. This is not a flip play. It's a cash-flow-focused asset designed for investors who build wealth through steady income in appreciating Detroit neighborhoods. The home is being sold as-is.

Listing Status:
Active
Date Added:
January 31, 2026
Data Last Updated:
February 14, 2026 at 8:45PM
Listing Office:
REMAX City Centre : 313-528-3002
Listing Agent:
Gentraia Brown : 248-469-2533
MLS ID:
60966943
  • Basement: Unfinished
  • Heating: Natural GasForced Air
  • Style: Ranch
  • Parking: Parking spaces: 0
  • General: Vinyl SidingOneBasement
  • Road/Access: Paved
  • Originating MLS: MiRealSource
  • School District: Detroit City School District
  • County: Wayne
  • Zoning: E WASHBURN 31 WYOMING HEIGHTS SUB L38 P7 PLATSW C R 16/406 31.36 IRREG
  • Water: Public Water at Street
  • Sewer: Public At Street
  • Source: MiRealSource

This listing courtesy of Gentraia Brown , REMAX City Centre

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Noble Elementary-Middle School

8646 Fullerton St, Detroit, MI, 48238

Grades PK-8

0.65 miles away

N

Noble Elementary-Middle School

8646 Fullerton St, Detroit, MI, 48238

Grades PK-8

0.65 miles away

T

The School at Marygrove

8425 W McNichols Rd, Detroit, MI, 48221

Grades 9-12

1.74 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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