MLS # 20261043095 (Realcomp)

This is a fantastic opportunity to own this multi-tenant property with two buildings on two commercial lots, offering a total of five units. Ideal for investors seeking steady income and long-term value, the property is located in the West Bloomfield School District and iscurrently fully occupied. The property has been well-maintained, with replacements made as needed.Some units have newer flooring, and all have separate entrances. Each unit features its own thermostat, with the heating system set up in zones. The roof is under 10 years old, and new water heaters were installed in2023. The standalone building includes a two-car garage attached in the back alleyway, currently utilized by the seller. There are a total of 10 individual parking spaces in addition to the two-car garage. The estimated total square footage for both buildings is 3,400 sq. ft., with two units approximately 1,000 sq. ft. each, one unit estimated at 600 sq. ft., and two more units estimated at 400 sq. ft. each. City rental certificates are current, and the buildings could be used for commercial purposes on the main floors, with private rentals in the upper and lower units.Keego Harbor is known as the heart of the lakes, and all tenants will have access to the two public beaches and eight parks throughout the city. Tenants will also have access to the West Bloomfield Trail along the town's southern boundary, offering scenic biking and walking opportunities. Keego Harbor features 15 retailers and a dozen restaurants within walking distance of the property, contributing to a vibrant community atmosphere.Please reach out with any questions or to schedule a tour. We look forward to helping you explore this fantastic investment opportunity.
Source: SparkMLS
Located in Keego Harbor in Keego Harbor, this property offers 5-bath, with original construction dating to 1927.
Currently offered at $525,000.
Annual property taxes run approximately $4,685 ($390/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
T2N, R9E, SEC 1 EVERGREEN VILLA LOTS 21 & 22
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Pamela McCoy
Benchmark Realty Group Inc
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
2952 PRYNNE Street, Keego Harbor, MI 48320
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Municipality
Keego Harbor
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County
Oakland County
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