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 true buy-and-hold opportunity. This is not a flip play. It’s a cash-flow-focused asset designed for investors who build wealth through steady income in appreciating Detroit neighborhoods. The home is being sold as-is.
Property Details
Price:
$40,000
MLS #:
20261006278
Status:
Active
Beds:
2
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
WYOMING HEIGHTS
Neighborhood:
05042det6tiregrnfldlivernois
Listed Date:
Jan 31, 2026
Finished Sq Ft:
876
Year Built:
1924
See this Listing
Schools
School District:
Detroit
Interior
Bathrooms
1 Full Bathroom
Heating
Forced Air, Natural Gas
Exterior
Architectural Style
Ranch
Construction Materials
Vinyl Siding
Parking Features
NoGarage
Financial
Taxes
$1,147
Map
Community
- Address14014 Washburn Street Detroit MI
- SubdivisionWYOMING HEIGHTS
- CityDetroit
- CountyWayne
- Zip Code48238
Market Summary
Current real estate data for Single Family in Detroit as of Feb 04, 2026
3,037
Single Family Listed
124
Avg DOM
81
Avg $ / SqFt
$147,244
Avg List Price
Property Summary
- Located in the WYOMING HEIGHTS subdivision, 14014 Washburn Street Detroit MI is a Single Family for sale in Detroit, MI, 48238. It is listed for $40,000 and features 2 beds, 1 baths, and has approximately 876 square feet of living space, and was originally constructed in 1924. The current price per square foot is $46. The average price per square foot for Single Family listings in Detroit is $81. The average listing price for Single Family in Detroit is $147,244. To schedule a showing of MLS#20261006278 at 14014 Washburn Street in Detroit, MI, contact your LoChirco Realty, LLC agent at 586-321-9997.
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