- Units: 27
- Cap Rate: 6.66 Percent
- Price Paying: -
- Price Per Unit: $64,815
- Property Type: Multi Family
- Gross Rent Multiplier: 8.78
- Year Built: 1972
- Monthly Income Per Unit: $583
- Expense to Income Ratio: 41.46 Percent
The City of Keego Harbor is a small community in Oakland County that lies along Cass Lake, which is one of the major lakes that make up the lakes district of western Oakland County. As of the 2014 census estimate, the city of Keego Harbor had a total population of 3,027, while Oakland County as a whole has a population of 1,237,868. The median family income was most recently reported at $43,640 and the average home value is estimated at $124,024. Keego Harbor is part of the West Bloomfield School District, which also serves West Bloomfield Township, Orchard Lake Village, and Sylvan Lake. West Bloomfield High School was ranked as one of the top high schools in Michigan by Niche.com and, most noteworthy, one of the top high schools in America by Newsweek.
This community offers a handful of public resources to its residents, including the Farmer’s Market located just around the corner in Waterford and an annual Memorial Day Parade. It comes as no surprise that West Bloomfield was listed as #37 in the Top 100 Small Cities in America by CNN Money Magazine. Residents of this scenic, waterfront region place a high value on family, education, sports and the arts. A number of annual events and community efforts are in place to preserve the rich, cultural history of the area.
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