2017 BURLINGAME Street new Save Request In-Person Tour Request Virtual Tour
Detroit,MI 48206
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
Year Built 1948
Annual Tax Amount $3,135
Lot Size 0.270 Acres
Property Description
Prime Multifamily Investment Opportunity in Detroit! Discover the potential of 2017 Burlingame Street, a high upside value add 10-unit multifamily property in the desirable Boston Edison District. Spanning 7,884 sq. ft. this brick and block building combines timeless charm with modern upgrades. The property features 7 one-bedroom units and 3 two-bedroom units, potentially generating a monthly rental income of $9,500 with utilities included, and a projected net annual income of $84,000. Key features include a full basement with storage, laundry facilities, newer boiler, upgrades to units, windows roof and many other upgrades. Ample parking for 20 vehicles. Financing options include cash, conventional, or a land contract with a $350,000 down payment and a 7.5% interest rate. Don't miss this exceptional investment opportunity—schedule your showing today!
Location
State MI
County Wayne
Area Det: Livernois-I75 6-Gd River
Zoning Commercial,Multi-Family
Interior
Hot Water Common,Natural Gas
Heating Hot Water,Other,Radiant
Cooling Window Unit(s)
Laundry 1
Exterior
Exterior Feature Awning/Overhang(s),Chimney Cap(s),Lighting,Permeable Paving,Private Entry,Fenced
Garage Spaces 20.0
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Block/Concrete/Masonry,Brick
Schools
School District Detroit
Others
Assessment Amount $100
Acceptable Financing Cash,Contract,Conventional
Listing Terms Cash,Contract,Conventional