2017 BURLINGAME Street, Detroit MI 48206

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$775,000

2017 BURLINGAME Street, Detroit, MI 48206

bedrooms

bathrooms

square feet

7,884

Acreage

0.27

Open Houses

year built

1948

Full Baths

Half Baths

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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
Subdivision	OAKMAN & STOLL
County	Wayne
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 20240091921

Listing agent: Fadi Dabaja

Listing broker: Exp Realty (888) 501-7085

Last update: Wednesday, January 15 2025 at 2:50 a.m. EST

Kotohomes National