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