About 16001 Dixie Highway
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 of 16001 Dixie Highway
| MLS® # | 20261009360 |
|---|---|
| Price | $900,000 |
| Bathrooms | 9.00 |
| Full Baths | 9 |
| Square Footage | 2,835 |
| Acres | 2.20 |
| Year Built | 1950 |
| Type | Multifamily |
| Sub-Type | Other |
| Style | Other |
| Status | Active |
Community Information
| Address | 16001 Dixie Highway |
|---|---|
| Area | 02021 - Groveland Twp |
| City | Groveland township |
| County | Oakland |
| State | Michigan |
| Zip Code | 48442 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Baseboard, Propane |
|---|---|
| Fireplace | No |
Exterior
| Construction | Brick Veneer |
|---|---|
| Foundation | Slab |
School Information
| District | Holly |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | OakPointe Real Estate Advisors |
|---|---|
| Contact Info | michael@oakpointeadvisors.com |
Listing Map
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