Pending
16001 Dixie Highway, Holly, MI 48442
$900,000
MLS # 20261009360 (Realcomp)
Built 19502.2 acres
1 / 5
Listing 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.
Source: SparkMLS
About this home
This 9-bath home built in 1950 sits in Groveland Township in Holly.
Currently offered at $900,000.
Estimated annual property tax: $2,777, or about $231 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 1,200 Mbps from 5 providers. Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeMulti Family
Bathrooms9
Lot Size2.2 acres
Year Built1950
Location
CityHolly
MunicipalityGroveland Twp
Zip Code48442
CountyOakland
School DistrictHolly
Construction & Systems
BasementSlab
HeatingBaseboard
WaterWell
Sale & Financing
Listed2/18/2026
Original Price$965,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,842
State Equalized Value$117,960
Taxable Value$117,960
Parcel #0229426020
Source: Public Records
Legal Description
T5N, R8E, SEC 29 PART OF SE 1/4 BEG AT PT DIST S 990.03 FT & S 88-39-00 W 410.90 FT & S 65-48-00 W 1100.23 FT & N 13-25-25 W 202 FT FROM E 1/4 COR, TH N 13-25-25 W 210 FT, TH N 76-34-35 E 249.20 FT, TH S 13-25-25 E 210 FT, TH S 76-34-35 W 249.20 FT T O BEG 1.20 A 5-21-90 FR 019
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Michael McClafferty
OakPointe Real Estate Advisors
Frequently Asked Questions about 16001 Dixie Highway, Holly, MI 48442
What school district is 16001 Dixie Highway, Holly, MI 48442 in?
Per MLS# 20261009360, this property is served by Holly. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 16001 Dixie Highway, Holly, MI 48442?
Per MLS# 20261009360, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261009360, the most recent reported annual property tax for 16001 Dixie Highway, Holly, MI 48442 is $4,842. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 16001 Dixie Highway, Holly, MI 48442 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 16001 Dixie Highway, Holly, MI 48442 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 16001 Dixie Highway, Holly, MI 48442?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 16001 Dixie Highway, Holly, MI 48442. The maximum advertised download speed is 1.2 Gbps. 5 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Water: Well. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$2,777
Monthly$231
Millage rate23.5404 mills
Municipality: TOWNSHIP OF GROVELAND
School district: TR-BRANDON/GOODRICH
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$6,069
Principal & interest$5,837
Property taxes$231
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableGSO SatelliteSatelliteLicensed Fixed Wireless
5 providers at this address
XfinityCable
1.2 GbpsStarlinkGSO Satellite
280 MbpsViasat IncSatellite
100 MbpsHughesNetSatellite
50 MbpsT-MobileLicensed Fixed Wireless
0 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
16001 Dixie Highway, Holly, MI 48442
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Municipality
Groveland Township
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County
Oakland County
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