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2017 Burlingame St, Detroit, MI, 48206

$775,000

Home List Price

$9,203*

Closing Credit

10 Full Baths
7,984 SqFt
$97/SqFt
Multi

Location

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2017 Burlingame St, Detroit$775,000

Buyer Closing Credits

$9,203*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingLighted, OffSite, OnStreet, Paved, Unassigned
Year Built1948
HeatingHot Water, Radiant
CoolingWindow Unit(s)
BasementYes
MLS #20240091921
Lot Size0.27 Acres
StatusActive

About 2017 Burlingame St

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!

Property Details

Property Features

Property Information:

  • Architectural Style: CapeCod, CommonEntryBuilding
  • Year Built: 1948
  • Living Area: 7,984 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Fadi Dabaja, Jay Naim

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: EntranceFoyer, HighSpeedInternet, ProgrammableThermostat

Bedroom and Bathroom Information:

  • Full Bathrooms: 10

Exterior Features

Exterior Information:

  • Exterior: Awnings, ChimneyCaps, Lighting, PermeablePaving, PrivateEntrance

Parking Information:

  • Attached Garage: No
  • Parking: Lighted, OffSite, OnStreet, Paved, Unassigned

Lot Features

Lot Information:

  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Radiant
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Boston And Lodge

Price Information

Listing Price Info

Price Summary:

  • List Price: $775,000
  • Price Per SqFt: $97/SqFt

Tax Information:

  • Annual Amount: $4,140
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

2017 Burlingame St vs Detroit

2 DAYS ON ROCKET

-47 Days

$775,000

+$689.9K More

$97/SqFt

+$29 More

KEY TAKEAWAY

This property is $689.9K more than the Median Sold Price and $29/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240091921

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Fadi Dabaja, Jay Naim

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 8:21:08 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,140$128,900
2020$2,683$101,800
2018$2,683$31,500
2017$2,667$29,400

History based on county public records data.

Payment Calculator

$3,935

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,390

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4454642
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 0.78 miles

  • Public Charter Grades KG-5

school-card-donut-4454643
1
/10

  • George Washington Carver Elementary School

  • 14510 2nd Ave

  • 1.67 miles

  • Public Charter Grades PK-4

school-card-donut-4454644
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 2.19 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,852. The majority of Detroit, MI residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48206›2017 Burlingame St

This home is located at 2017 Burlingame St in Detroit, MI and zip code 48206 in the Midtown neighborhood. This 7,984 square foot home, which was built in 1948, sits on a 0.27 acre lot. Features: 10 bathrooms. It has been listed on Rocket Homes since December 15, 2024 and is currently priced at $775,000.

In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. In November 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $85,016.

From Rocket Homes Real Estate and based on county public records data.

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