2960 Kenmore Road, Berkley, MI 48072
- Added:
- May 7, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 23 at 1:06 pm
Property Features for 2960 Kenmore Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Basement, Bathroom 3
- Standard status
- Pending
- APN
- 2518233016
- Size
- 1,336 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Description
- T1N, R11E, SEC 17 & 18 BROOKLINE HILLS S 1/2 OF LOT 263, ALSO N 30 FT OF LOT 264
- Tax Annual Amount
- 4515
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1923
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Wood
- Architectural style
- Other
Listing agent Joseph Hammel License #6501422602 (248) 649-7200
Listing office Keller Williams Somerset 888 W Big Beaver Road #200, Troy, MI (248) 649-7200
Listing date May 7, 2026
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex built in 1923 with brick and wood construction
- Forced‑air heating and public water service
- Separate electric meters for each unit, simplifying tenant billing and management
- Top unit tenant is month‑to‑month at $995 per month plus $25 water fee
- Bottom unit is Section 8: $1,360 monthly rent plus $50 gas fee and $30 water fee
- Total gross income is $2,460 per month; property previously appraised for $340,000
Overview
Local Financial Insights For Multifamily LT 5
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 | $26.5k | $19.80 |
| − Vacancy | −$1.2k | −$0.89 |
| EGI | $25.3k | $18.91 |
| − OpEx | −$7.6k | −$5.67 |
| NOI | $17.7k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Berkley
- County
- Oakland
- State
- Michigan
- Longitude
- -83.184525
- Latitude
- 42.499156
