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+15868545396
Community Choice Realty
16001 Dixie Highway, Holly, MI 48442 9777
- $855,000
- 9
- BA
- 2,835
- SqFt
- Sold Price
- $855,000
- List Price
- $900,000
- Status
- CLOSED
- MLS#
- 60970821
- Days on Market
- 73
- Year Built
- 1950
- Closing Date
- Jun 25, 2026
- Bathrooms
- 9
- Acres
- 2.20
- Living Area
- 2,835
- Municipality
- Groveland Twp
- Region
- Groveland Twp
- Township
- Groveland Twp
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.
Additional Information
- Lot Dimensions
- 210 x 249 x 210
- Heating
- Baseboard
- Appliances
- Propane Hot Water
- Sewer
- Septic Tank
- Foundation
- Slab
- Water
- Private Well
- School District
- Holly Area School District
Mortgage Calculator
Listing Courtesy of OakPointe Real Estate Advisors, Office Phone: 248-972-7040
Selling Office: LPS.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.