bedrooms
0
bathrooms
10
square feet
7,884
Acreage
0.27
Open Houses
-
year built
1948
Full Baths
10
Half Baths
0
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 | - |
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Last update: Wednesday, January 15 2025 at 2:50 a.m. EST
Kotohomes National