Sold for $855,000

$855,000

16001 Dixie Hwy, Holly, MI 48442

--beds

2,835sqft

Multi Family

Built in 1950

-- sqft lot

$855,500 Zestimate^®

$302/sqft

$1,563 Estimated rent

Home value

$855,500

$813,000 - $898,000

$1,563/mo

Zestimate^® history

Owner options

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$1,563/mo

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$1,563/mo

Rent Zestimate^®

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$5,505/mo

Est. payment

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$5,505/mo

Est. payment

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What's special

Excess landNine efficiency units

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.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 9
Full bathrooms: 9

Heating

Baseboard, Propane

Features

Has basement: No
Has fireplace: No

Interior area

Total interior livable area: 2,835 sqft
Finished area above ground: 2,835

Property

Parking

Total spaces: 18

Features

Levels: One
Stories: 1
Pool features: None

Lot

Size: 2.2 Acres
Dimensions: 210 x 249 x 210

Details

Parcel number: 0229426020
Zoning description: Commercial
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Brick Veneer
Foundation: Slab

Condition

New construction: No
Year built: 1950
Major remodel year: 2024

Utilities & green energy

Sewer: Septic Tank
Water: Well

Community & HOA

Location

Region: Holly

Financial & listing details

Price per square foot: $302/sqft
Tax assessed value: $117,960
Annual tax amount: $4,842
Date on market: 2/19/2026
Cumulative days on market: 73 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Price history

Date	Event	Price
6/25/2026	Sold	$855,000-5%$302/sqft
Source: Realcomp II #20261009360 Report a problem
5/5/2026	Pending sale	$900,000$317/sqft
Source: Realcomp II #20261009360 Report a problem
3/13/2026	Price change	$900,000-6.7%$317/sqft
Source: Realcomp II #20261009360 Report a problem
2/20/2026	Listed for sale	$965,000$340/sqft
Source: Realcomp II #20261009360 Report a problem
7/21/2025	Listing removed	$1,060
Source: Zillow Rentals Report a problem
5/21/2025	Listed for rent	$1,060+81.2%
Source: Zillow Rentals Report a problem
3/18/2016	Listing removed	$585
Source: Diamond Forest Properties Report a problem
12/5/2015	Listed for rent	$585
Source: Diamond Forest Properties Report a problem
12/20/2012	Listing removed	--
Source: Diamond Forest Properties Report a problem
11/17/2012	Listed for sale	--
Source: Diamond Forest Properties Report a problem