MI
MI 48206,2017 BURLINGAME ST
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MI 48206,2017 BURLINGAME ST
MI 48206,2017 BURLINGAME ST
MI 48206,2017 BURLINGAME ST
MI 48206,2017 BURLINGAME ST
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Charles Laird

Charles Laird

+1(248) 431-0544
$ 725,000
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Active

2017 BURLINGAME ST MI 48206

10 Baths

7,984 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 7,984 sqft

Subdivision Oakman & Stoll

MLS Listing ID 20240091921

Style CapeCod,CommonEntryBuilding

Full Baths 10

Year Built 1948

Property Sub-Type MultiFamily

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

Location

State MI

County Wayne

Area Area05043Detlivernoisi756Gdriver

Rooms

Basement Common, CommonStorageLocker, Full, InteriorEntry, Unfinished

Interior

Interior Features EntranceFoyer, HighSpeedInternet, ProgrammableThermostat

Heating HotWater, OtherHeatingSource, Radiant

Cooling WindowUnits

Laundry CommonArea, GasDryerHookup, LaundryRoom, WasherHookup

Exterior

Exterior Feature Awnings, ChimneyCaps, Lighting, PermeablePaving, PrivateEntrance

Parking Features Lighted, OffSite, OnStreet, Paved, Unassigned

Fence Fenced, FencingAllowed, FrontYard

Pool None

Community Features Sidewalks

Utilities Available AboveGroundUtilities, CableAvailable

View Y/N No

Roof Type Asphalt

Building

Foundation Basement, Block

Sewer PublicSewer

Water Public

Schools

School District Detroit

Others

Senior Community false

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Special Listing Condition ShortSaleNo, Standard

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Fadi Dabaja of EXP Realty Main
Charles Laird

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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