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$ 900,000
Est. payment /mo
Active
16001 Dixie Highway Holly, MI 48442
9 Baths
2.2 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Groveland Twp
Subdivision Groveland Twp
MLS Listing ID 20261009360
Year Built 1950
Annual Tax Amount $4,842
Lot Size 2.200 Acres
Acres 2.2
Lot Dimensions 210 x 249 x 210
Source Realcomp
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.
Location
State MI
County Oakland
Area Oakland County - 70
Zoning Commercial
Direction South of Grange Hall Rd. on the East side of Dixie Hwy.
Rooms
Basement Slab
Interior
Heating Baseboard
Exterior
View Y/N No
Building
Water Well
Schools
School District Holly
Others
Tax ID 0229426020
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by OakPointe Real Estate Advisors
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CJ Johnson
Agent | License ID: 6501457704