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… Read More 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. Read Less
Courtesy of REMAX City Centre, Gentraia Brown, 313-528-3002.
Listing Snapshot
Days Online
25
Last Updated
Property Type
Single Family
Beds
2
Full Baths
1
Square Ft.
876
Lot Size
0.09 Acres
Year Built
1924
MLS Number
60966943
30 Days Snapshot Of 48238
$1k
0%
(avg) sold price
0
-100%
homes sold
48
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Paved Street
Basement
Unfinished
Building
876 square feet, 6 total rooms, Built in 1924, Style: 1 Story, Ranch
Dining Room
Length: 13 feet, Width: 10 feet
Exterior Features
Vinyl Siding
Foundation
Basement
Water Features
Public Water at Street
Heating
Natural Gas, Forced Air
Kitchen
Length: 10 feet, Width: 10 feet
Lot
0.09 acres, Size: 31x122
Living Room
Length: 12 feet, Width: 11 feet
Sewer
Public At Street
Taxes
Amount: $1,147
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