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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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12144 Washburn St , Detroit, MI 48204
$159,900
Est. Payment: $355.33/mo
0 Bed
3 Bath
0 Sqft
Status: Active | Days on site: 44
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House 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.

Highlights

Listed by Michael Celsi , 313-412-9709 Apex Realty Centers , 734-469-2469.

Property Type

Multi-Family

Lot/Acreage
0.09

HOA Fee

Year Built

1926

County

Wayne

School District

Detroit

Listing ID

20261061159

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:
Water:Public

Exterior Features

Principal Interest
$355
Taxes
$393
HOA
$0

Home Price

$159,900

Loan Details

30 yrs
%

Down Payment

20%
$31,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$355.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $355.33 $392.58 $0.00 $747.92
Yearly $4,264.00 $4,711.00 $0.00 $8,975.00
Total $127,920.00 $141,330.00 $0.00 $269,250.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Detroit, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.