West Village : 6 Units | 100% Occupied | 8% Cap
West Village : 6 Units | 100% Occupied | 8% Cap
Marketing description
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.
Investment highlights
Features
2,523 Sqaure feet of ground retail space
100% Occupied
Retail spaces benefit from continuous open air communal deck and full basements
Fully renovated short term rental units feating hardwood floors and modern kitchens and bathrooms
Three unit types ranging from 720 to 1,106 square feet
Neighbors
Sister Pie, Marrow, Eugenie, Red Hook, the Shepherd, The Empowerment Plan, Collect Beer Bar, Belle Isle, Butzel Family Recreation Center, Saint Charles, Faircloth, Metropolitan Bar + Kitchen
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