8116 Kercheval St - Apartments FOR SALE


Detroit, MI 48214- West Village
$1,299,000 USD
313-704-2678
8116 Kercheval St, Detroit, MI for Sale
$1,299,000 USD
Apartments - FOR SALE
1/18
null | 8.33% Cap Rate

8116 Kercheval St
Detroit, MI 48214
West Village


OVERVIEW

Located on Kercheval Avenue between Parker and Seminole Streets in Detroit’s charming West Village, 8116 Kercheval consists of three historic mixed-use buildings. The buildings were fully renovated in 2016 and include both retail and residential units. The ground floor is fully leased to Two Birds, a bar and ice cream shop, currently expanding into an adjacent retail space, and Velvet Tower, a vintage clothing store. The second floor includes three residential units (ranging from 720 to 1,106 square feet), which are currently operated as short-term rentals generating income above standard residential leases. The property features a wrap-around terrace/community space that connects the buildings and provides additional usable outdoor area. Positioned a block from neighborhood landmarks Sister Pie and Marrow, this offering presents a unique opportunity in one of the most vibrant, commercially established sections of desirable West Village. Property tours will be Wednesday, December 11th from Noon - 2:00 PM

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

6

PRICE/UNIT

$216,500

CAP RATE

8.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Village : 6 Units | 100% Occupied | 8.3%

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B4

APN/PARCEL ID

17-0001046

ASK ABOUT THIS PROPERTY

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Vincent MazzolaO'Connor Real EstateMore Info
313-704-2678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.