$20,000 for Sale
14014 washburn street, detroit, MI 48238
| Beds 2 | Baths 1 | 876 Sqft | 0.09 Acres |
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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.
General Information
Sale Price: $20,000
Price/SqFt: $23
Status: Active
MLS#: rcomi20261006278
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: wyoming heights
Acres: 0.09
Lot Dimensions: 31x122
Bedrooms:2
Bathrooms:1 (1 full, 0 half)
House Size: 876 sq.ft.
Acreage: 0.09 est.
Year Built: 1924
Property Type: Single Family
Style: Ranch
Features & Room Sizes
Bedroom 1:
Bedroom 2 :
Bedroom 3:
Bedroom 4:
Family Room:
Greatroom:
Dinning Room:
Kitchen:
Livingroom:
Pole Buildings:
Paved Road: Paved
Garage: No Garage
Construction: Vinyl
Exterior: Vinyl
Basement: Yes
Basement Description: Unfinished
Foundation : Basement
Heating: Forced Air
Fuel: Natural Gas
Waste: Sewer at Street
Watersource: Water at Street
Tax, Fees & Legal
Home warranty: No
Est. Summer Taxes: $1,115
Est. Winter Taxes: $32
Legal Description: E WASHBURN 31 WYOMING HEIGHTS SUB L38 P7 PLATS, W C R 16/406 31.36 IRREG

IDX provided courtesy of Realcomp II Ltd. via Berkshire Hathaway HomeServices Heritage Real Estate and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders
Listing By: Gentraia Brown of REMAX City Centre, Phone: (313) 528-3002