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33649464
33649465

8116 Kercheval ST, Detroit, MI 48214

O'Connor Real Estate
Listed by O'Connor Real Estate
$1,190,000
564 days on market
Updated 3 days ago
Opportunity zone

8116 Kercheval ST

Details
APN W17I000104C6
Property Type Mixed Use, Multifamily (+1)
Sub Type Apartment Building, Residential (+1)
Square Footage 5,215
NOI $181,912
Year Built 1916
Acreage 0.210

Mixed Use | 5,215 SqFt

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.
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Listing Contacts

O'Connor Real Estate
Listed by O'Connor Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$181,912.00
$15,159.33/mo

Valuation Metrics

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DSCR
15.29%
Cap Rate
15.29%
ROI

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