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Black River Flats 2111 Heyboer Dr 240 Unit Apartment Building For Sale Holland, MI 49423



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.
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 | Lot Size | 5.02 AC |
| No. Units | 240 | Building Size | 228,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2021 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | 201 - Commercial | ||
| 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
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Black River Flats | 2111 Heyboer Dr
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