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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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2952 Prynne St , Keego Harbor, MI 48320
$525,000
Est. Payment: $1,166.67/mo
0 Bed
5 Bath
0 Sqft
Status: Active | Days on site: 100
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House Description

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.

Highlights

Listed by Pamela McCoy , Benchmark Realty Group Inc , 248-640-4823.

Property Type

Multi-Family

Lot/Acreage
0.25

HOA Fee

Year Built

1927

County

Oakland

School District

West Bloomfield

Listing ID

20261043095

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:
Air Cond:Window Unit(s)
Fireplaces:
Basement:Slab
Water:Public

Exterior Features

Principal Interest
$1,167
Taxes
$390
HOA
$0

Home Price

$525,000

Loan Details

30 yrs
%

Down Payment

20%
$105,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,166.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,166.67 $390.42 $0.00 $1,557.08
Yearly $14,000.00 $4,685.00 $0.00 $18,685.00
Total $420,000.00 $140,550.00 $0.00 $560,550.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Keego Harbor, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.