Pending

16001 Dixie Highway

Holly, Michigan 48442

$900,000 $3,794/Mo

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Overview

Bed

Bath

2,835

Sqft

2.20

Acres(Lot)

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.

Property Details

Property Type : Multifamily

Price : $900,000

AD Id : 75491290

MLS Id : 20261009360

Lot Size : 2.20 Acres

Living Area Size : 2,835

Year Built : 1950

County : Oakland

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 9 Full Baths: 9
Heating & Cooling

Heating: Baseboard Heating Fuel: Propane

Water Heater

LP Gas/Propane

Building Information

Year Built: 1950 Building Stories: 1 Story Total Units: 9 Foundation/Basement: Slab Architecture: Other
Exterior Features

Construction: Brick Veneer
Utility Features

Sewer: Septic Tank (Existing)
Water

Well (Existing) Water Heat: LP Gas/Propane

Lot Information

Lot Size: 2.20 Lot Dimensions: 210 x 249 x 210 Frontage Feet: 210
Property Information

SQ ft: 2835 Financing: Cash,Conventional

Listing Price Information

Original List Price: $965,000
Listing Information

Possession: At Close Legal Description: T5N, R8E, SEC 29 PART OF SE 1/4 BEG AT PT DIST S 990.03 FT & S 88-39-00 W 410.90 FT & S 65-48-00 W 1100.23 FT & N 13-25-25 W 202 FT FROM E 1/4 COR, TH N 13-25-25 W 210 FT, TH N 76-34-35 E 249.20 FT, TH S 13-25-25 E 210 FT, TH S 76-34-35 W 249.20 FT T O BEG 1.20 A 5-21-90 FR 019

Tax Information

Annual Tax: $4,842 Parcel Number: 0229426020
Possession

At Close
Legal Information

Legal Description: Section: T5N, R8E, SEC 29 PART OF SE 1/4 BEG AT PT DIST S 990.03 FT & S 88-39-00 W 410.90 FT & S 65-48-00 W 1100.23 FT & N 13-25-25 W 202 FT FROM E 1/4 COR, TH N 13-25-25 W 210 FT, TH N 76-34-35 E 249.20 FT, TH S 13-25-25 E 210 FT, TH S 76-34-35 W 249.20 FT T O BEG 1.20 A 5-21-90 FR 019

School Information

School District: Holly
Utility Information

Water: Well (Existing) Sewer: Septic Tank (Existing)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
512 S Broad Street , Holly, MI, 48442	$240,000	3	2	1,899	1,899 SqFt

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/19/2026 @ 05:23

MLS: 20261009360 LISTED BY: Michael McClafferty , OakPointe Real Estate Advisors 248-972-7040 SOURCE: Realcomp II Ltd