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 is currently 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 in 2023. 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.
Keego Harbor is located in Michigan. Keego Harbor, Michigan has a population of 2,790. Keego Harbor is less family-centric than the surrounding county with 24.25% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Keego Harbor, Michigan is $63,095. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Keego Harbor is 41.1 years.
The average high temperature in July is 81.5 degrees, with an average low temperature in January of 15.5 degrees. The average rainfall is approximately 31.8 inches per year, with 40.7 inches of snow per year.
