16001 Dixie Highway
Holly, MI 48442

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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.

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family Home
• Listing Status: Active
• County/Area: Oakland County
• Zip Code: 48442
• Year Built: 1950
• Subdivision/Neighborhood: Groveland Twp
• School District: Holly
• Basement: Slab
• Lot Size: 2.2 acres
• Basement Type: No
• Directions: South of Grange Hall Rd. on the East side of Dixie Hwy.
• Gross Income: 133164
• Heating: Baseboard
• Lot Size Area: 2.2
• Lot Size Square Feet: 95832
• Lot Size Units: Acres
• MLS Area Major: Oakland County - 70
• MLS Area Minor: Oakland County - 70
• Main Type: Multi Family
• Parcel Number: 0229426020
• Road Frontage: 210
• SEV: 117960
• Street Type: Paved
• Tax Annual Amount: 4842
• Tax 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
• Total Approx Sq Ft All Bldgs: 2835
• Total Num Units: 9
• Township: Groveland Twp
• Water Source: Well