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$775,000
Est. payment /mo
10 Baths
0.27 Acres Lot
UPDATED:
12/15/2024 02:56 PM
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
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Listed by EXP Realty LLC
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