For Sale - 2017 BURLINGAME Street, Detroit, MI 48206

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Scott Hutchison

scott@web-homes.net +1(616) 291-0440

$ 725,000

Est. payment | -/mo

10 Baths

0.27 Acres Lot

Save

$ 725,000

Est. payment | -/mo

Save

10 Baths

0.27 Acres Lot

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 20240091921

HOA Y/N true

Year Built 1948

Annual Tax Amount $3,135

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 90.00 x 133.00

Source Realcomp

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 Wayne County - 100

Zoning Commercial,Multi-Family

Direction Boston And Lodge

Interior

Heating Hot Water, Radiant

Cooling Window Unit(s)

Exterior

Amenities Available Pets Allowed

View Y/N No

Building

Lot Description Sidewalk

Sewer Public

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W08I003376C94

Acceptable Financing Cash, Conventional, Contract

Listing Terms Cash, Conventional, Contract

Listed by EXP Realty Main

“Part of my Job as Your Real Estate Expert is to protect you from the incompetency that runs rampet in our industry”

+1(616) 291-0440

scott@web-homes.net

8 N. Bridge Street Suite 104B, Rockford, MI, 49341, United States

2017 BURLINGAME Street Detroit, MI 48206