2952 PRYNNE St, Keego Harbor, MI 48320
Five-unit, fully occupied property with separate entrances, zoned heating, current rental certificates, and upgraded mechanicals.
- Added:
- Jun 15, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 17 at 1:51 am
Property Features for 2952 PRYNNE St
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1927
Listing agent Pamela McCoy License #6501408351 (248) 563-5851
Listing office (248) 563-5851
Listing date Jun 15, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Pamela McCoy
HighLights
- Five‑unit multi‑tenant property with two buildings on two commercial lots, totaling an estimated 3,400 sq. ft.
- Currently fully occupied; city rental certificates are current.
- Each unit has its own thermostat and the heating system is set up in zones.
- Roof is under 10 years old; new water heaters installed in 2023.
- All units have separate entrances; some units feature newer flooring.
- Includes 10 individual parking spaces plus an attached two‑car garage accessed from the back alley.
Overview
Located in Keego Harbor within the West Bloomfield School District, the area offers recreational access for residents, including 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. The provided mobility metrics are a bike score of 21 (somewhat bikeable) and a walk score of 17 (car-dependent). Keego Harbor is described as having 15 retailers and a dozen restaurants within walking distance of the property.
With city rental certificates current and the buildings configured for individual unit control, this property may appeal to investors or operators seeking an income-producing setup that is already actively occupied. The main floors are noted as potentially usable for commercial purposes, with private rentals in the upper and lower units, which may support flexible owner and tenant arrangements within the existing layout.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.2k | $23.28 |
| − Vacancy | −$3.3k | −$0.98 |
| EGI | $75.8k | $22.30 |
| − OpEx | −$34.1k | −$10.04 |
| NOI | $41.7k | $12.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Keego Harbor
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3426496
- Latitude
- 42.6073923
