8116 Kercheval St - Apartments FOR SALE


Detroit, MI 48214- West Village
$1,225,000 USD
313-704-2678
8116 Kercheval St, Detroit, MI for Sale
$1,225,000 USD
Apartments - FOR SALE
1/18
null | 8.83% Cap Rate

8116 Kercheval St
Detroit, MI 48214
West Village


HIGHLIGHTS

  • Built in 1926 with original architectural details.
  • 1,780 sq ft with 2 bedrooms and 1 bathroom.
  • Close to public transport, shopping, and restaurants.

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.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

6

PRICE/UNIT

$204,167

CAP RATE

8.83%

% 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

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

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