2952 Prynne Street
Keego Harbor, MI 48320

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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.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Oakland County
• Zip Code: 48320
• Year Built: 1927
• School District: West Bloomfield
• Basement: Slab
• Lot Size: 10890 sq ft lot
• Association: Yes
• Association Amenities: Pets Allowed
• Basement Type: No
• Construction Materials: Aluminum Siding, Brick, Stone
• Cooling: Window Unit(s)
• Directions: North of Orchard Lake Road & East of Cass Lake Road
• Gross Income: 43800
• Heat Source: Natural Gas
• Heating: Baseboard, Hot Water
• Lot Size Area: 0.25
• Lot Size Square Feet: 10890
• Lot Size Units: Acres
• MLS Area Major: Oakland County - 70
• MLS Area Minor: Oakland County - 70
• Main Type: Multi Family
• Operating Expense: 19119.43
• Parcel Number: 361801303021
• Road Frontage: 93
• SEV: 82990
• Street Type: Private
• Tax Annual Amount: 4315
• Tax Legal Description: T2N, R9E, SEC 1 EVERGREEN VILLA LOTS 21 & 22
• Total Approx Sq Ft All Bldgs: 3400
• Total Num Units: 5
• Water Source: Public