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
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