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10100 Saginaw St 11 Unit Apartment Building $379,000 ($34,455/Unit) Holly, MI 48442
Investment Highlights
- Eleven-unit studio property offering a diversified rental income stream within a compact, 5,000-square-foot footprint.
- Situated in Holly, Michigan, with excellent access to shopping, dining, and major transportation routes, enhancing rental demand.
- Attractive alternative for investors interested in multifamily or adaptive hospitality crossover assets.
- Motel-style single-story configuration supports easy maintenance, quick turnovers, and broad tenant appeal.
- Value-add investment opportunity through targeted operational improvements and rent adjustments.
- Requires court approval as part of receivership, providing potential for advantageous acquisition positioning.
Executive Summary
10100 South Saginaw Street in Holly, Michigan, presents a compelling multifamily investment opportunity at an asking price of $379,000. The 5,000-square-foot property consists of 11 individually rentable studio units configured in a single-story, motel-style layout that promotes efficient turnover and flexible tenancy options. This asset offers diversification potential with income generated across multiple units, creating steady revenue streams and minimizing vacancy risk.
Currently under receivership, the sale will require court approval, positioning it as an attractive value-add opportunity for investors seeking to drive upside through operational improvements, property repositioning, and rent optimization. The property’s simple configuration, combined with strong local demographics and proximity to regional amenities and major transport corridors, makes it well-suited for multifamily operators or those exploring hospitality crossover concepts.
With demand for affordable and transitional housing steadily rising in the area, this offering provides an excellent platform for sustained income growth through strategic management and capital deployment.
Currently under receivership, the sale will require court approval, positioning it as an attractive value-add opportunity for investors seeking to drive upside through operational improvements, property repositioning, and rent optimization. The property’s simple configuration, combined with strong local demographics and proximity to regional amenities and major transport corridors, makes it well-suited for multifamily operators or those exploring hospitality crossover concepts.
With demand for affordable and transitional housing steadily rising in the area, this offering provides an excellent platform for sustained income growth through strategic management and capital deployment.
Property Facts
| Price | $379,000 | Building Class | C |
| Price Per Unit | $34,455 | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 5,000 SF |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 4.4/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - Commercial Zoned District | ||
| Price | $379,000 |
| Price Per Unit | $34,455 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 4.4/1,000 SF |
| Zoning | Commercial - Commercial Zoned District |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 12-35-200-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $144,600 |
Property Taxes
Parcel Number
12-35-200-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$144,600
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10100 Saginaw St
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