Detroit, MI 48206,2017 BURLINGAME Street
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Detroit, MI 48206,2017 BURLINGAME Street
Detroit, MI 48206,2017 BURLINGAME Street
Detroit, MI 48206,2017 BURLINGAME Street
Detroit, MI 48206,2017 BURLINGAME Street
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$ 775,000
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2017 BURLINGAME Street Detroit, MI 48206

10 Beds

10 Baths

7,884 SqFt


UPDATED:

01/05/2025 01:45 PM

Key Details

Property Type Multi-Family

Sub Type Cape Cod,Common Entry Building

Listing Status Active

Purchase Type For Sale

Square Footage 7,884 sqft

Price per Sqft $98

Subdivision Oakman & Stoll

MLS Listing ID 20240091921

Style Cape Cod,Common Entry Building

Bedrooms 10

Full Baths 10

Originating Board Realcomp II Ltd

Year Built 1948

Annual Tax Amount $3,135

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 90.00 x 133.00

Property Description

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!

Location

State MI

County Wayne

Area Det: Livernois-I75 6-Gd River

Zoning Commercial,Multi-Family

Direction Boston And Lodge

Rooms

Basement Interior Entry (Interior Access), Unfinished, Common Storage Locker, Common

Interior

Interior Features Smoke Alarm, Cable Available, Carbon Monoxide Alarm(s), Laundry Facility, Other, High Spd Internet Avail, Programmable Thermostat

Hot Water Common, Natural Gas

Heating Hot Water, Other, Radiant

Cooling Window Unit(s)

Fireplace no

Laundry 1

Exterior

Exterior Feature Awning/Overhang(s), Chimney Cap(s), Lighting, Permeable Paving, Private Entry, Fenced

Garage Spaces 20.0

Roof Type Asphalt

Porch Porch

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Foundation Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Architectural Style Cape Cod, Common Entry Building

Level or Stories 2 Story

Structure Type Block/Concrete/Masonry,Brick

Schools

School District Detroit

Others

Pets Allowed Yes

Tax ID W08I003376C94

Ownership Short Sale - No,Private Owned

Assessment Amount $100

Acceptable Financing Cash, Contract, Conventional

Rebuilt Year 2022

Listing Terms Cash, Contract, Conventional

Financing Cash,Contract,Conventional


Realcomp MLS
Listed by Fadi Dabaja of EXP Realty Main
agent

Craig Ward

Agent | License ID: 382487

+1(248) 217-1905

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2017 BURLINGAME Street