**16630 Washburn, Detroit MI * SOLD**

PROPERTY DESCRIPTION

A quaint duplex with eye-catching architectural features including a deep sloping roof over the welcoming front door. Each unit features approximately 1,000 of living space and each is equipped with three bedrooms and 1 bedroom , beautiful moldings, dramatic plaster fireplace and more. Beautifully updated to highlight the vintage charm. Double car detached garage shared between tenants.

REHABILITATION

Completed in 2017 included full upgrade of plumbing and electrical, new roof, new hot water tank, furnace. Freshly painted kitchen cabinets restored tile, new sink. Bathrooms thoughtfully refreshed. Entire home freshly painted to emphasize the moldings and new doors installed throughout. Updated windows, new blinds, and new broadloom throughout.

1 YEAR ANALYSIS

Purchase Price: $86,000
Gross Income: $19,200
Property Taxes: $2,400 Insurance: -$960
Management: -$1,920
Vacancy: -5% ($960)
Repairs/Maint.: -5%($960)
NET ROI: TBD%