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$ 775,000
Est. payment | /mo
10 Baths
0.27 Acres Lot
$ 775,000
Est. payment | /mo
10 Baths
0.27 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20240091921
HOA Y/N true
Originating Board Realcomp
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 Wayne County - 100
Zoning Commercial,Multi-Family
Direction Boston And Lodge
Interior
Heating Hot Water, Radiant
Cooling Window Unit(s)
Exterior
Amenities Available Pets Allowed
View Y/N No
Building
Lot Description Sidewalk
Sewer Public
Water Public
Structure Type Brick
Schools
School District Detroit
Others
Tax ID W08I003376C94
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
Listed by EXP Realty LLC
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Tricia Carlson
REALTOR® | Lic# 6506048426