BEDS0
BATHS9 full
SQUARE FEET2,835
MLS#20261009360
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLHolly
Property Description
This cash flowing multifamily property is located in Holly, Michigan. The property consists of nine efficiency units on approximately 2.20 acres across two parcels with excess land and commercial zoning (buyer to verify). Units are in constant demand due to limited available housing supply in the submarket. In 2025, 7 of the 9 units were renovated. Average rents are approximately $1,085 per unit per month. The asking price reflects both the excess land value and a 7.97% cap rate on in-place financials. Owner pays water, gas, and trash; electric separately metered. Do not disturb tenants. Contact listing broker for financials.
Property Features
Property Type: Multi Unit - Multiple
Fuel Type: Propane
Heating: Baseboard
Lot Size: 2.20 Acres
Year Built: 1950
Feature Descriptions
Architecture: Other
Days on Site: 56
Exterior: Brick Veneer
Foundation: Slab
Frontage Feet: 210
Lot Dimensions: 2.20 Acre(s)
Road Frontage: Paved
Summer Tax: $4841.0000
Water Heater: LP Gas/Propane
Winter Tax: $1.0000
Year Remoldeled: 2024
Local Schools
School District: Holly
Listed By / Shown By
Listed By
Agency Name: OakPointe Real Estate Advisors
Agency Phone: (248) 972-7040
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 5,296.84 per month $5,034.34 Principal & Interest $0.00 Property Tax (data not provided by mls) $262.50 Homeowner's Insurance
16001 Dixie Highway | MLS# 20261009360
This multi-family property located at 16001 Dixie Highway, Groveland Township, MI 48442 is currently listed for sale with an asking price of $900,000. Dixie Highway is located within the Holly school district. Search Groveland Township real estate on www.ikeyrealty.com today.