About 1600 Holland Avenue
Eight duplexes conveniently located on the north end of Port Huron close to shopping and the beach. Units have undergone significant upgrades in the past two years. Fully occupied with a low vacancy rate. Each unit has all separate utilities. The landlord is currently paying some of the water bills but as the leases renew the tenants will be paying their own water bill. 1522/1524 and 1528/1530 both have a 2-car garage, which the landlord currently uses for his own use and could be rented for additional income. The other 12 units have a carport and additional parking available. NOI with a 5% vacancy factor $147,937. Current cap rate 6%. Cap rate after elimination of water expense 6.6
Features of 1600 Holland Avenue
| MLS® # | 58050214851 |
|---|---|
| Price | $2,500,000 |
| Bedrooms | 32 |
| Bathrooms | 32.00 |
| Full Baths | 16 |
| Square Footage | 14,976 |
| Acres | 0.00 |
| Year Built | 1971 |
| Type | ResidentialIncome |
| Sub-Type | MultiFamily |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 1600 Holland Avenue |
|---|---|
| Area | Area10152PortHuron |
| Subdivision | ATTKINSON'S SUBDIVISION |
| City | PortHuronCity_StClair |
| County | StClair |
| State | Michigan |
Amenities
| Parking | FourCarGarage, Covered, Detached, Paved |
|---|---|
| # of Garages | 4 |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Appliances | Oven, Refrigerator, Range |
|---|---|
| Heating | Electric, Radiant, SeparateMeters |
| Cooling | WallWindowUnits |
| Fireplace | Yes |
| Stories | Two |
Exterior
| Construction | AluminumSiding, Brick, VinylSiding |
|---|---|
| Foundation | Basement |
School Information
| District | PortHuron |
|---|---|
| High | PortHuron |
Additional Information
| Foreclosure | Yes |
|---|---|
| Short Sale | Yes |
| RE / Bank Owned | Yes |
Listing Details
| Office | Realty Executives Home Towne Shelby |
|---|