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Investment Highlights

  • Newly constructed 240-unit community with modern layouts and finishes.
  • Potential for revenue enhancement through lease renewals and RUBs system implementation.
  • Strategically located near M-40 and I-196 for commuter access.
  • Strong current performance with approximately 90% occupancy.
  • Convenient unit amenities including in-unit washers and dryers.
  • A short drive to Downtown Holland’s retail, dining, and entertainment options.

Executive Summary

Black River Flats presents a newly constructed multifamily community in the growing market of Holland, Michigan. This 240-unit property offers modern layouts with contemporary finishes, appealing to today’s residents seeking comfort and convenience. Currently operating at approximately 90% occupancy, the asset delivers immediate income stability while allowing additional upside through lease renewals and utility billing system (RUBs) implementation.
Located just minutes from Downtown Holland, the community provides residents easy access to retail, dining, and employment hubs within the city. The property also benefits from proximity to major roadways, including M-40 and I-196, facilitating connectivity to surrounding regions and supporting long-term rental demand. Each unit is equipped with in-unit washers and dryers, enhancing convenience and marketability.
This offering represents an opportunity to acquire a stabilized yet growing property in a desirable West Michigan location characterized by strong employment sectors, a thriving local economy, and high quality of life indicators. Investors can capitalize on continued population growth and the enduring appeal of modern apartment living in one of Michigan’s most dynamic small-city markets.

Property Facts

Sale Type Investment
No. Units 240
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 5.02 AC
Building Size 228,000 SF
No. Stories 3
Year Built 2021
Opportunity Zone Yes
Zoning 201 - Commercial

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Handrails
  • Patio
  • Recreation Room
  • Trash Compactor
  • Vinyl Flooring
  • Warming Drawer
  • Wheelchair Accessible (Rooms)
  • Window Coverings
  • Large Bedrooms

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Fitness Center
  • Playground
  • Pool
  • Property Manager on Site
  • Tenant Controlled HVAC
  • Renters Insurance Program
  • Walking/Biking Trails
  • Storage Space
  • Bicycle Storage
  • Hearing Impaired Accessible
  • Maintenance on site
  • Multi Use Room
  • Online Services
  • Vision Impaired Accessible
  • Public Transportation
  • Individual Locking Bedrooms
  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 116 - 725
2+2 124 - 900
Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
  • Listing ID: 41296975

  • Date on Market: 2026-07-15

  • Last Updated:

  • Address: 2111 Heyboer Dr, Holland, MI 49423

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