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Detroit, MI 48206 1387,2017 BURLINGAME Street
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Detroit, MI 48206 1387,2017 BURLINGAME Street
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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ILink Real Estate Co

ILink Real Estate Co

+1(419) 277-7127
$ 775,000
Est. payment /mo
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2017 BURLINGAME Street Detroit, MI 48206 1387

10 Baths

7,884 SqFt

UPDATED:

12/15/2024 08:34 PM

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 $98

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 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 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

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by EXP Realty LLC

ILink Real Estate Co

License ID: 2014002630

+1(419) 277-7127

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2017 BURLINGAME Street