Holly, Michigan MF, cash flow
The village of Holly is located in northern oakland county, Michigan. Oakland county is the wealthiest in the state. These 3 properties are all located with in +\-100 yards of each other and also both the police and fire stations. Short walk ( +\- 400 yards) to the historic downtown area.
401 s. Saginaw st, Holly, MI 48442
A 5 unit building ( 4-1 bed room units, 1-3 bedroom unit, a large garage and a coin laundry, some units tenants pay gas and/ or elect )
I currently trade use of the garage for lawn service at all 3 properties.
12 Mo Rent income $ 34,680.
12 mo Avg water $ 3680
12 months taxes $ 4520
12 mo Avg Consumers gas $ 2240
$250,000.
314, 316,314-1/2,316-1/2 broad st, Holly, MI 48442
( 4-2 bedroom units and a coin laundry, tenants pay gas and elect)
12 Mo. rent income$ 32,400.
12 mo Avg water $3315
12 months taxes $5082
$225,000.
And
314 s. Saginaw st, Holly, MI 48442
( 1-1 bedroom unit and 1-3 bedroom unit, tenants pay gas and elect)
12 Mo. rent income $ 22,164.
12 mo Avg Water $ 1425
12 months taxes $3044
$140,000
Total of the 3 rent income $ 89,244
$ 615,000.
Contact:
Jeff Weaver
248-496-0026
Seller doing a 1031 buyer must be willing to work with buyer on timing for sale / and new purchase.
all figures are estimated and up to the buyer to verify.