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 7.43% cap rate on in-place financials. Owner pays water, gas, and trash; electric separately metered. Do not disturb tenants. Contact listing broker for financials.
Holly is located in Michigan. Holly, Michigan has a population of 6,031. Holly is less family-centric than the surrounding county with 19.49% of the households containing married families with children. The county average for households married with children is 32.55%.
The median household income in Holly, Michigan is $54,206. The median household income for the surrounding county is $86,275 compared to the national median of $69,021. The median age of people living in Holly is 44.4 years.
The average high temperature in July is 81.3 degrees, with an average low temperature in January of 14.6 degrees. The average rainfall is approximately 33.5 inches per year, with 38.6 inches of snow per year.
