$900,000
16001 dixie highway, holly, MI 48442
Property Description
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 7.97% cap rate on in-place financials. Owner pays water, gas, and trash; electric separately metered. Do not disturb tenants. Contact listing broker for financials.
General Information
Price: $900,000
Price/SqFt: $317
Status: Active
MLS#: 20261009360
City: groveland twp
Post Office: holly
Schools: holly
County: Oakland
Acres: 2.2
Lot Dimensions: 210 x 249 x 210
Bedrooms:0
Bathrooms:9 (9 full, 0 half)
Size: 2,835 sq.ft.
Acreage: 2.2 est.
Year Built: 1950
Property Type: Multifamily
Style: 1 Story
Features & Room Sizes
Exterior: Brick Veneer
Basement: 0
Heating: Baseboard
Heating: Baseboard
Tax, Fees & Legal
Est. Summer Taxes: $4,841
Est. Winter Taxes: $1
Est. Winter Taxes: $1
Map
IDX provided courtesy of Realcomp II Ltd. via American Associates, Inc. REALTORS and , ©2026 Realcomp II Ltd. Shareholders Listing By: Michael McClafferty of OakPointe Real Estate Advisors, Phone: (248) 972-7040
