MI > Detroit > Mi
Detroit, MI 48206 1387,2017 BURLINGAME Street
Detroit, MI 48206 1387,2017 BURLINGAME Street
Detroit, MI 48206 1387,2017 BURLINGAME Street
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$725,000
Est. payment /mo
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10 Baths
7,884 SqFt
Active

2017 BURLINGAME Street Detroit, MI 48206 1387

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Tracy Butcher

Tracy Butcher

+1(810) 428-7092

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,884 sqft

Price per Sqft $91

Subdivision Mi

MLS Listing ID 60360266

Style 2 Story

Full Baths 10

Year Built 1948

Annual Tax Amount $3,135

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 90.00 x 133.00

Property Sub-Type Multi-Family

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 Detroit (82001)

Rooms

Basement Block, Common

Interior

Interior Features Cable/Internet Avail., DSL Available

Heating Hot Water, Other-See Remarks, Radiant

Cooling Window Unit(s)

Fireplace No

Exterior

Exterior Feature Brick

Amenities Available Laundry Facility, Private Entry

Building

Story 2 Story

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Detroit City School District

Others

Ownership Private

Assessment Amount $100

Financing Cash,Conventional

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty Main

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agent

Tracy Butcher

Associate Broker - Non-Principal | License ID: 6506049127

+1(810) 428-7092

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2017 BURLINGAME Street