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$ 900,000
Est. payment /mo
Active
16001 Dixie HWY Groveland Township, MI 48442
9 Baths
2,835 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,835 sqft
Price per Sqft $317
MLS Listing ID 20261009360
Style Other
Full Baths 9
Year Built 1950
Lot Size 2.200 Acres
Acres 2.2
Property Sub-Type MultiFamily
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.
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.
Location
State MI
County Oakland
Area Area02021Grovelandtwp
Interior
Heating Baseboard, Propane
Fireplace No
Exterior
Pool None
View Y/N No
Garage false
Building
Foundation Slab
Sewer Septic Tank
Water Well
New Construction No
Schools
High Schools Holly
School District Holly
Others
Senior Community false
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition ShortSaleNo, Standard
Pets Allowed Call
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Listed by Michael McClafferty of OakPointe Real Estate Advisors
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