10100 Saginaw St - Apartments FOR SALE


Holly, MI 48442
$379,000 USD
517-487-9222
10100 Saginaw St, Holly, MI for Sale
$379,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

10100 Saginaw St
Holly, MI 48442


HIGHLIGHTS

  • Eleven-unit studio property offering a diversified rental income stream within a compact, 5,000-square-foot footprint.
  • Motel-style single-story configuration supports easy maintenance, quick turnovers, and broad tenant appeal.
  • Situated in Holly, Michigan, with excellent access to shopping, dining, and major transportation routes, enhancing rental demand.
  • Value-add investment opportunity through targeted operational improvements and rent adjustments.
  • Attractive alternative for investors interested in multifamily or adaptive hospitality crossover assets.
  • Requires court approval as part of receivership, providing potential for advantageous acquisition positioning.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$379,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

11

PRICE/UNIT

$34,455

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,442 SF

ZONING

Commercial

APN/PARCEL ID

12-35-200-009

ASK ABOUT THIS PROPERTY

Dave RobinsonNAI Mid-MichiganMore Info
517-487-9222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dave RobinsonNAI Mid-MichiganMore Info
517-487-9222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.