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14014 Washburn ST Detroit, MI 48238
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Key Details
Property Type Single Family Home
Sub Type SingleFamilyResidence
Listing Status Sold
Purchase Type For Sale
Square Footage 876 sqft
Price per Sqft $19
Subdivision Wyoming Heights
MLS Listing ID 20261006278
Sold Date 04/03/26
Style Ranch
Bedrooms 2
Full Baths 1
Year Built 1924
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type SingleFamilyResidence
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 great buy-and-hold opportunity as well. The home is being sold as-is with a free and clear title.
Location
State MI
County Wayne
Area Area05042Det6Tiregrnfldlivernois
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features NoGarage
Pool None
View Y/N No
Garage false
Building
Lot Description CornerLot
Foundation Basement, Block
Sewer Sewer At Street
Water WateratStreet
New Construction No
Schools
School District Detroit
Others
Senior Community false
Acceptable Financing Cash, FHA203K
Listing Terms Cash, FHA203K
Special Listing Condition ShortSaleNo, Standard
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