Homes for sale - 2017 BURLINGAME Street, Detroit, MI 48206 1387

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David Godin

davidgodin@hotmail.com +1(586) 416-0600

$ 695,000

Est. payment | -/mo

10 Baths

7,884 SqFt

Save

$ 695,000

Est. payment | -/mo

Save

10 Baths

7,884 SqFt

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 $88

Subdivision Mi

MLS Listing ID 60920857

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

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

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI, 48084, USA

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