12144 Washburn Street, Detroit, MI 48204

$159,900
3
BA

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List Price
$159,900
Price Change
▼ $4,100 1789027852
Days on Market
38
MLS#
20261061159
Status
ACTIVE
Type
Multifamily
Bathrooms
3

Property Description

To respect our tenants' privacy, interior showings are available upon accepted offer only. Please do not disturb occupants.This property is being sold as a two-unit dwelling with an additional finished bonus suite. 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 — legally zoned as a 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.

Additional Information

Taxes
$4,711
Acres
0.09
Association Amenities
Pets Allowed
Heating
Forced Air
School District
Detroit
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Michael Celsi from Listing Office: Apex Realty Centers.

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