$725,000

2017 Burlingame Street , Detroit, MI 48206

 
Bedrooms:0 beds
Bathrooms:10 baths
(None specified):7,884 sqft
Lot:0.27
Year Built:1948
Listing Status:Active

Listing Agent

Fadi Dabaja
http://www.fadidabaja.com
Loan Amount:
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Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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 $350,000 down payment at a 7.5% interest rate. Don’t miss this exceptional opportunity—schedule your showing today!

Detailed Items

Other Information

2017 Burlingame Street, Detroit, MI, 48206 is a (none specified) listing of 7,884 sqft on a lot of 0.27. This (none specified) listing has 0 bedrooms, and 10 baths. The map for this location can be viewed on Google maps at Google maps to property2017 Burlingame Street, Detroit, MI
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