2017 Burlingame St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2017 Burlingame St
10 Unit Apartment Building $775,000 ($77,500/Unit) 10.86% Cap Rate Detroit, MI 48206
Investment Highlights
- Boston Edison District
- 10 Units
- Value-Add
Executive Summary
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 nits, 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!
Property Facts
| Price | $775,000 | Building Class | B |
| Price Per Unit | $77,500 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 7,630 SF |
| Cap Rate | 10.86% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1948/2022 |
| Property Subtype | Apartment | Parking Ratio | 2.62/1,000 SF |
| Price | $775,000 |
| Price Per Unit | $77,500 |
| Sale Type | Investment |
| Cap Rate | 10.86% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 7,630 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2022 |
| Parking Ratio | 2.62/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Basement
- Dining Room
- Handrails
Site Amenities
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
- Wi-Fi
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 3 | - | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 08-00337-694 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $261,500 |
PROPERTY TAXES
Parcel Number
08-00337-694
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$261,500
zoning
| Zoning Code | R5 (Commercial Multi-Family) |
| R5 (Commercial Multi-Family) |
1 of 22
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
2017 Burlingame St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.