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USAMIDetroitOakman & Stoll2017 Burlingame St
2017 Burlingame St, Home with 0 bedrooms, 10 bathrooms and 20 parking in Detroit MI | Image 1
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$695,000

2017 Burlingame St, Detroit, MI

Real Estate

For Sale

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01020
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 7984 sqft
Garage No
Taxes $3,135
Days Active 35
Lot Size 
Approx. Age 1948
Avg. Price Per Sqft $87
MLS® Number 20251019737

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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!Show Description
MLS® Number20251019737
Laundry LevelCommon Area, Gas Dryer Hookup, Laundry Room, Washer Hookup
Central VacNo
FireplaceNo
Acreage0.27
ExteriorAwnings, Chimney Caps, Lighting, Permeable Paving, Private Entrance
GarageNo
Approx. Age1948
BasementCommon, Common Storage Locker, Full, Interior Entry, Unfinished
DrivewayLighted, Off Site, On Street, Paved, Unassigned
Garage Spaces
HeatHot Water, Other Heating Source, Radiant
A/CWindow Units
Heating Fuel

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