1708 Burlingame St, Detroit, MI 48206

Property Description

FULLY RENOVATED, STABILIZED CASH-FLOW GEM JUST FOUR BLOCKS FROM THE HISTORIC BOSTON EDISON DISTRICT. LOCATED IN CLOSE PROXIMITY TO ONE OF DETROIT’S MOST PRESTIGIOUS NEIGHBORHOODS, 1708 BURLINGAME OFFERS OVER 3,000 SQUARE FEET OF FINISHED LIVING SPACE AND PRESENTS A RARE TURNKEY MULTI-FAMILY OPPORTUNITY. THIS SOLID DUPLEX FEATURES AN UPPER AND LOWER FLAT, EACH CONSISTING OF THREE BEDROOMS AND ONE FULL BATHROOM, MAKING IT AN IDEAL ASSET FOR INVESTORS SEEKING SCALE, STABILITY, AND LONG-TERM PERFORMANCE. THE PROPERTY HAS UNDERGONE A COMPLETE GUT RENOVATION WITH NO CORNERS CUT, THOUGHTFULLY DESIGNED FOR LOW-MAINTENANCE OWNERSHIP. MAJOR CAPITAL IMPROVEMENTS INCLUDE BRAND NEW PLUMBING THROUGHOUT, UPDATED ELECTRICAL SYSTEMS, NEW FURNACES, AND NEW HOT WATER TANKS, ENSURING YEARS OF RELIABLE, HASSLE-FREE OPERATION. THE INTERIORS HAVE BEEN FULLY REIMAGINED WITH RENOVATED KITCHENS AND BATHROOMS, REFINISHED ORIGINAL HARDWOOD FLOORS, FRESH FINISHES THROUGHOUT, AND ALL NEW WINDOWS PROVIDING ENERGY EFFICIENCY WHILE PRESERVING THE HOME’S ORIGINAL CHARACTER. BOTH UNITS COME FULLY EQUIPPED WITH MATCHING STAINLESS STEEL APPLIANCE PACKAGES INCLUDING A REFRIGERATOR, GAS-BURNING STOVE, DISHWASHER, AND MICROWAVE. THE EXTERIOR HAS ALSO BEEN ENHANCED WITH A PRIVATE, FULLY FENCED BACKYARD, ADDING ADDITIONAL VALUE AND TENANT APPEAL. THE PROPERTY IS CURRENTLY STABILIZED WITH TWO SECTION 8 TENANTS, PRODUCING $3,003 IN GROSS MONTHLY RENTAL INCOME. TENANTS ARE RESPONSIBLE FOR ALL UTILITIES EXCEPT WATER, KEEPING OPERATING EXPENSES LOW AND ALLOWING FOR STRONG, PREDICTABLE CASH FLOW. TURNKEY, INCOME-PRODUCING ASSETS OF THIS CALIBER NEAR THE BOSTON EDISON DISTRICT ARE INCREASINGLY RARE. NO SHOWINGS WITHOUT AN ACCEPTED FULL-PRICE OFFER.