About This Home

This 32-bedroom, 32-bathroom residential multi family at 1600 Holland Avenue in Port Huron, MI is listed for $2,500,000 ($167 per sqft). Built in 1971, the home offers 14,976 sqft of living space on a 1.70 acres lot.

Key Features

  • Built in 1971
  • 1.70 acre lot
  • 2 stories

Property Details

2 stories
16 full, 16 half
4-car garage
1971
Listing Description

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

Monthly Cost Estimate

$13,371/mo

20% down · 6.5% · 30 years

Principal$1,808
Interest$10,833
Insurance$729

Estimates only. Actual payments may vary.

Location

1600 Holland Avenue

Port Huron, MI 48060

Attkinson's Subdivision

Features & Amenities

Interior Features

Cable/Internet Avail.

Exterior Features

Porch

Property Details

Outdoor Features

Porch

Parking

DrivewayCovered

Heating

Electric (Heating)

Cooling

Wall/Window Unit(s)

Appliances

Range/OvenRefrigerator

Questions & Answers

This 32-bedroom, 32-bathroom residential multi family at 1600 Holland Avenue is listed at $2,500,000 ($167/sqft). The estimated monthly payment is $13,370 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1971, 1.70 acre lot, 2 stories. Interior Features: Cable/Internet Avail.. Exterior Features: Porch.

This property is listed by David Griffor.

DG

David Griffor

Agent at Realty Executives Home Towne

Listed by Realty Executives Home Towne · Broker phone: (810) 300-1650 · View on Broker Site · Broker website

MLS# 50214851· Source: Multiple Listing Service MiRealSource· 110 days on PropertySimple

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1600 Holland Avenue, Port Huron, MI 48060

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