10660 E Holly Rd - Apartments FOR SALE


Davisburg, MI 48350
$1,985,000 USD
360-989-5395
10660 E Holly Rd, Davisburg, MI for Sale
$1,985,000 USD
Apartments - FOR SALE
1/8
null | 6.79% Cap Rate

10660 E Holly Rd
Davisburg, MI 48350


OVERVIEW

Hidden Valley Apartments consist of 22 units nestled in Davisburg, a town bordering Clarkston, MI. The property consists of 22 two bedroom one bath apartments, 750 square feet each. The property is currently 100% occupied grossing over $22,000 per month in gross revenue. There are three buildings for the 22 units on the property - all built in 1971. The property is on a private septic and sewer system - that is maintained by the current owner. This reduces the water burden cost on the tenant, as well as the landlord. The units are equipped with hot water baseboard heat, and tenants are allowed to bring an AC unit into their apartment. The units are individually metered for electric (tenant paid) and there is natural gas that is paid by the landlord. There is ample parking for the 22 units - the property sits on 3.4 acres.

FOR SALE DETAILS

PRICE

$1,985,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

22

PRICE/UNIT

$90,227

CAP RATE

6.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hidden Valley Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.43 AC

LAND SF

149,411 SF

ZONING

AI-County

APN/PARCEL ID

07-03-177-006

ASK ABOUT THIS PROPERTY

Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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

Brady WilliamsGreater DevelopmentMore Info
360-989-5395

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