16001 Dixie Highway, Groveland Township, Michigan 48442
$900,000
Property Details
- MLS#: 20261009360
- Bedrooms: N/A
- Bathrooms: 9
- Square Feet: 2,835
- Price per Sqft: $317
- Lot Size: 2.2 acres
- Year Built: 1950
- Property Type: ResidentialIncome
- Status: Active
- Days on Market: 24
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.
Location
This property is located in Groveland Township, Michigan. Groveland Township is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 16001 Dixie Highway?
16001 Dixie Highway is listed at $900,000, or $317 per square foot.
How many bedrooms does 16001 Dixie Highway have?
This property has N/A bedrooms and 9 bathrooms, with 2,835 square feet of living space.
Schedule a Showing
Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.
Phone: (313) 466-2430
Email: info@sonicrealty.com
Similar Homes for Sale in Groveland Township
Browse Groveland Township Real Estate