16001 Dixie Hwy - Apartments FOR SALE


Holly, MI 48442
$965,000 USD
248-972-7040
16001 Dixie Hwy, Holly, MI for Sale
$965,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

16001 Dixie Hwy
Holly, MI 48442


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$965,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

9

PRICE/UNIT

$107,222

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

C3

APN/PARCEL ID

02-29-426-020,02-29-426-021

ASK ABOUT THIS PROPERTY

Michael McClaffertyOakPointe Real Estate AdvisorsMore Info
248-972-7040

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Michael McClaffertyOakPointe Real Estate AdvisorsMore Info
248-972-7040

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