Buy&Hold (Rental): (Duplex) 3756 Burlingame Street, Detroit, MI 48206 - Deal Available
Updated: Oct 13
Multifamily Investment Opportunity
Price:
$78,000
Investment Opportunity: Tenant-Occupied Duplex at 3756 Burlingame, Detroit, MI 48206
Price: $78,000
Property Overview:
Address: 3756 Burlingame, Detroit, MI 48206
6 Bedrooms
2 Bathrooms
Total Area: 2,208 SF
Each Unit: 3 Bedrooms, 1 Bathroom
Description: Here's your chance to secure a lucrative investment at 3756 Burlingame in the vibrant City of Detroit! This tenant-occupied duplex presents a fantastic opportunity for investors seeking to expand their portfolio. With two fully occupied units generating a total monthly income of $1,290, this property offers a strong and consistent cash flow. This home was previously listed but is now direct to seller.
Please submit all offers directly to sarter@promiselandrealtyllc.com.
Property Features:
Prime Location: Situated at 3756 Burlingame, this property enjoys a strategic location within Detroit, with easy access to amenities, schools, and transportation, making it highly desirable for tenants.
Fully Occupied: Both units are currently occupied, ensuring a steady stream of rental income from day one of ownership.
Professional Management: The property is professionally managed by Mutual Property Management, providing a hassle-free experience for the new owner.
Recent Repairs: The seller has invested in crucial repairs, including new porch railings, interior painting, ceiling drywall work, plumbing fixes in the bathrooms, faucet repairs, and a new sump pump. These updates enhance the property's appeal and value.
Income Breakdown: The upstairs unit commands $720 per month in rent, while the downstairs unit generates $570 per month, resulting in a total monthly income of $1,290.
Value-Add Opportunity: With some light cosmetic renovations, this property has the potential to reach an After Repair Value (ARV) of $150,000 or more, allowing you to maximize your investment returns.
Leases and Rent Payment History: Comprehensive lease agreements and rent payment history are available, providing transparency and valuable insights into the property's financial performance.
Property Photos: Explore the property through our photo gallery here.
Don't miss out on this remarkable opportunity to add a tenant-occupied duplex at 3756 Burlingame to your real estate portfolio in Detroit. Contact us today to schedule a viewing and secure your investment in this thriving market. This property won't last long!
Property Comps:
1) https://www.redfin.com/MI/Detroit/3749-Cortland-St-48206/home/98463885
2) https://www.redfin.com/MI/Detroit/4252-Sturtevant-St-48204/home/59334859
"Your #1 Source for Off Market Investment Properties, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
sarter@promiselandrealtyllc.com
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*