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$ 149,990
Est. payment /mo
Price Dropped by $9K
12144 Washburn Street Detroit, MI 48204 1044
3 Baths
2,831 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,831 sqft
Price per Sqft $52
Subdivision Mi
MLS Listing ID 61017882
Full Baths 3
Year Built 1926
Annual Tax Amount $4,711
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35X112
Property Sub-Type Multi-Family
Property Description
To respect our tenants' privacy, interior showings are available upon accepted offer only. Please do not disturb occupants. Sold AS IS. Fully Rented Brick Two-Family + Bonus Third Unit -- Income From Day One! All three units are fully utility-separated, with individual electric and gas meters, dedicated water heaters, and separate furnaces. Current rents are $1,250 for Unit 1, $1,150 for Unit 2, and $700 for Unit 3. Cash flow starts the moment you close on this handsome yellow-brick two-family -- duplex, with a fully finished bonus third-floor suite. All units are occupied and generating income right now, so there's no vacancy, no waiting. Just turnkey returns. Every unit has been fully remodeled top to bottom: gleaming refinished hardwood floors, brand-new carpet, fresh neutral paint, and updated kitchens with new cabinetry, granite-look counters, and sleek gooseneck faucets. The first-floor unit charms with a classic painted-brick fireplace flanked by original leaded-glass built-ins -- character you simply can't build anymore. Updated baths, new flooring, and ceiling fans throughout round out the package. The finished third level is the showstopper: a private suite with its own kitchenette, full bath, and cozy dormered living space -- already occupied and adding to the bottom line, the kind of value-add most investors only dream of finding already done. Add a covered front porch, upper balcony, and fenced yard, and you've got a rock-solid, fully performing brick asset that's been renovated, rented, and ready to hand over. No projects. No surprises. Just deposits. Three remodeled units. Rent checks. One smart buy -- don't let this one get away.
Location
State MI
County Wayne
Area Detroit (82001)
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Detroit City School District
Others
Ownership Private
Energy Description Natural Gas
Financing Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Apex Realty Centers
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