2017 BURLINGAME Street Detroit, MI 48206
Multi-Family (2-4 Units)
MLS #: 20240091921
Courtesy Of eXp Realty
811 N. Main St., Royal Oak, MI 48067
811 N. Main St., Royal Oak, MI 48067
Property InformationDescription
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!
Features
- Age: Over 50 Years Old
- Amenities: Dock, Cable Ready
- Architecture Style: Cape Cod
- Cooling System: Window Unit(s) A/C
- Exterior Type: Block, Brick, Concrete
- Heating System: Hot Water, Radiant
- Lot Size: 0.27 Acres
- Roof Type: Asphalt
- Rooms: Basement
MAP & DIRECTIONS
School Information
2017 BURLINGAME Street, Detroit, MI 48206
Elementary School
Grades KG-8 |
Public School
DURFEE ELEMENTARY-MIDDLE SCHOOL
Detroit, MI 48206
2425 Tuxedo St
313.252.3070
Distance: 0.2 mi
School Rating
F
Student:Teacher Ratio
15:1
Total Students
500
Middle School
Grades KG-8 |
Public School
DURFEE ELEMENTARY-MIDDLE SCHOOL
Detroit, MI 48206
2425 Tuxedo St
313.252.3070
Distance: 0.2 mi
School Rating
F
Student:Teacher Ratio
15:1
Total Students
500
High School
Grades 9-12 |
Public School
CENTRAL ACADEMY AND HIGH SCHOOL
Detroit, MI 48206
2425 Tuxedo St
313.252.3000
Distance: 0.2 mi
School Rating
F
Student:Teacher Ratio
17:1
Total Students
310
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| University Preparatory Art Design Elementary School | 0.8 mi | Public | KG-5 | D |
| Ace Academy Seventy-day Adventist Glendale Lincoln Woodward Jefferson | 0.8 mi | Public | 4-12 | |
| New Paradigm Glazer Academy | 1.1 mi | Public | KG-8 | C- |
| Keidan Special Education Center | 1.3 mi | Public | PK-8 | |
| Thirkell Elementary-middle School | 1.3 mi | Public | KG-8 | F |
| Detroit International Academy For Young Women | 1.4 mi | Public | PK-12 | C+ |
| Barber Preparatory Academy | 1.4 mi | Public | KG-8 | F |
| Hope Academy | 1.5 mi | Public | PK-8 | D |
| George Washington Carver Elementary School | 1.7 mi | Public | PK-4 | F |
| George Washington Carver Middle School | 1.7 mi | Public | 5-8 | F |
| New Paradigm Loving Academy | 1.7 mi | Public | PK-8 | |
| Northwestern High School | 1.8 mi | Public | 9-12 | D+ |
| Thurgood Marshall-elementary School | 1.8 mi | Public | PK-8 | F |
| Joy Preparatory Academy | 1.9 mi | Public | PK-12 | C+ |
| Henry Ford Academy: School For Creative Studies (psad) | 2.0 mi | Public | 6-12 | D |
| Sigma Academy For Leadership And Early Middle College | 2.2 mi | Public | KG-12 | |
| Sampson-webber Leadership Academy | 2.2 mi | Public | PK-8 | F |
| University Preparatory Academy Psad Elementary School | 2.2 mi | Public | KG-5 | D |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Detroit, MI 48206
| Median Age: | 42 |
|---|---|
| Married: | 19% |
| Number of Households: | 6,439 |
| Households with Children: | 24% |
Detroit, MI 48206
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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