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16001 Dixie Hwy 9 Unit Apartment Building $965,000 ($107,222/Unit) Holly, MI 48442
Executive Summary
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 7.43% 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 7.43% 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 Facts
| Price | $965,000 | Building Class | C |
| Price Per Unit | $107,222 | Lot Size | 1.19 AC |
| Sale Type | Investment | Building Size | 3,937 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1960/2024 |
| Apartment Style | Low-Rise | ||
| Zoning | C3 - Commercial | ||
| Price | $965,000 |
| Price Per Unit | $107,222 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 3,937 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2024 |
| Zoning | C3 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 240 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $153,510 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$153,510
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16001 Dixie Hwy
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