248-515-2785
204 Rosette St, Holly, MI for Sale
Apartments - FOR SALE
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204 Rosette St
Holly, MI 48442


OVERVIEW

Holly Village Apartments are located in Holly, this friendly community is within walking distance to shopping, banks, parks. The complex was built in 1973 and has been well maintained over the years with mature trees and landscaping. It contains 16 apartments homes: 16 two-bedroom, one-bath units , each measuring 850 square feet. 14 of the 16 units have been completely renovated. There are full size washers and dryers in every unit. IPO has projected an NOI going forward of $132,005 based on street rents and the market rate expenses. However, in year two when the complex is stabilized and brought up to market, the NOI increases to $139,007. The asset recently appraised in April 2025 for $1,720,000.

FOR SALE DETAILS

PRICE

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# OF UNITS

16

CAP RATE

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% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holly Village Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

AI

APN/PARCEL ID

01-34-102-001

ASK ABOUT THIS PROPERTY

Bruce ListerIncome Property OrganizationMore Info
248-515-2785

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Bruce ListerIncome Property OrganizationMore Info
248-515-2785

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