Homes for sale - 2017 BURLINGAME Street, Detroit, MI 48206

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Sarah Clinansmith

sarahclinansmith@epique.me +1(248) 830-5920

$775,000

Est. payment - /mo

10 Beds

10 Baths

7,884 SqFt

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UPDATED:

12/15/2024 01:55 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 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

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

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Listed by Fadi Dabaja of EXP Realty LLC

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2017 BURLINGAME Street Detroit, MI 48206