$725,000
2017 burlingame street, detroit, MI 48206
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
General Information
Price: $725,000
Price/SqFt: $92
Status: Active
MLS#: 20240091921
City: detroit
Post Office: detroit
Schools: detroit
County: Wayne
Subdivision: oakman & stoll
Acres: 0.27
Lot Dimensions: 90.00 x 133.00
Bedrooms:0
Bathrooms:10 (10 full, 0 half)
Size: 7,884 sq.ft.
Acreage: 0.27 est.
Year Built: 1948
Property Type: Multifamily
Style: 2 Story
Features & Room Sizes
Exterior: Block, Brick
Basement: 1
Cooling: Window Unit(s)
Heating: Hot Water, Other, Radiant
Cooling: Window Unit(s)
Heating: Hot Water, Other, Radiant
Tax, Fees & Legal
Est. Summer Taxes: $2,812
Est. Winter Taxes: $323
Est. Winter Taxes: $323
Map

IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2025 Realcomp II Ltd. Shareholders Listing By: Fadi Dabaja of EXP Realty Main, Phone: (888) 501-7085