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3 Baths
2,831 sqft

$159,900

12144 Washburn Street, Detroit City Wayne Michigan, 48204

Price per sqft$56.48
Built in1926
Property size2,831 sqft
Property typeMulti-family

Overview

Active

Listed Aug 4, 2026

Updated 4 weeks ago

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.

$1,064/mo

Est. mortgage payment based on a $159,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
20261061159

Interior Features

Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$4,711
Tax Frequency
Annually
Pets Allowed
Yes
55+/Senior Community
No

 

Courtesy of Apex Realty Centers

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Originating MLS:
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Data last updated 5:48 AM UTC, 9/11/2026

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