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4431-4435 Holt Rd 8 Unit Apartment Building $555,847 ($69,481/Unit) 7.99% Cap Rate Holt, MI 48842
Executive Summary
• 6,036 Total Square Feet
• All Units are 1 Bedroom/1 Bath Tri-Level Units
• Lower Level Kitchen and Dining Area Included in Total Square Footage
• Total Livable Space is Approximately 755 SF
• $555,847 Purchase Price (7.5% Cap Rate)
• Current NOI of $41,690.59
• Fully Occupied
• All Units are 1 Bedroom/1 Bath Tri-Level Units
• Lower Level Kitchen and Dining Area Included in Total Square Footage
• Total Livable Space is Approximately 755 SF
• $555,847 Purchase Price (7.5% Cap Rate)
• Current NOI of $41,690.59
• Fully Occupied
Property Facts
| Price | $555,847 | Building Class | C |
| Price Per Unit | $69,481 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 6,036 SF |
| Cap Rate | 7.99% | No. Stories | 1 |
| No. Units | 8 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.33/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | TC | ||
| Price | $555,847 |
| Price Per Unit | $69,481 |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 6,036 SF |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | TC |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 25-05-23-101-008 | Improvements Assessment | $209,900 |
| Land Assessment | $30,000 | Total Assessment | $239,900 |
Property Taxes
Parcel Number
25-05-23-101-008
Land Assessment
$30,000
Improvements Assessment
$209,900
Total Assessment
$239,900
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4431-4435 Holt Rd
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