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 $1,085 per unit per month. The asking price reflects both the excess land value and a 7.97% cap rate on in-place financials.
Owner pays water, gas, and trash; electric separately metered. Do not disturb tenants. Contact listing broker for financials.
2,835 Sq Ft
2.2 Privata hektar Partistorlek
investering
404 US$ Månadsvis skatt
Inbyggt 1950
MLS/Listnings-ID 20261009360
9 Enheter
Construction - Brick Veneer
Slab
Heating - Propane
Heating - Baseboard