Active

2017 BURLINGAME Street

Detroit MI, 48206

$775,000


$98.30 per sqft

Active

13 Beds

10 Baths

7,884 sqft

Multi-family

Built in 1948

Prime Multifamily Investment Opportunity in Detroit! Discover the potential of 2017 Burlingame Street, a high upside value add 10-unit multifamily property with timeless charm and modern upgrades, offering a high upside in the desirable Boston Edison District. Spanning at almost 8,000 sq. ft., this brick-and-block property features 7 one-bedroom and 3 two-bedroom units, with potential monthly rental income of $9,500 and projected net annual income of $84,000. Recent updates include 3 new boilers, upgraded roof, upgraded windows, fresh paint, new flooring in 4 units, and updated kitchen counters and vanities. The property also includes new appliances (to be installed), a full basement with storage and laundry facilities, and parking for 20 vehicles. With 3 units already leased through Section 8, generating immediate income, and owner-paid utilities costing just $760/month, this property is an outstanding investment. Financing options include cash, conventional, or a land contract with a $350,000 down payment at a 7.5% interest rate. Don't miss this exceptional opportunity--schedule your showing today!

20240091921

MLS ID

December 12, 2024

Listed

January 5, 2025

Updated

Map

2017 BURLINGAME Street
Detroit MI, 48206

Interior Features

Bedrooms

13


Total Bathrooms

10


Full Bathrooms

10


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Hot Water, Radiant

Exterior/Building Features

Lot Size

0.27 Acres


Architectual Style

Cape Cod, Common Entry Building


Roof

Asphalt

School Information

School District

Detroit

Other Property Details

Area Name

Det: Livernois-I75 6-Gd River


Taxes

$3,135


Tax Frequency

Annually


Days on Market

21


Garage

No


Parking Total

20


View

No


County

Wayne


Pool

No


Zoning

Commercial,Multi-Family

 

Courtesy of EXP Realty Main

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Data last updated 3:17 PM UTC, 1/5/2025

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