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2140 Adelpha Ave 5 Unit Apartment Building $716,355 CAD ($143,271 CAD/Unit) Holt, MI 48842
Investment Highlights
- Located within an Opportunity Zone, offering tax incentive eligibility.
- Convenient Holt location near schools, retail, and transportation routes.
Executive Summary
Fantastic investment opportunity in Holt! This well-maintained 6-UNIT apartment building offers strong rent with desirable unit features throughout. Each unit includes 2 bedrooms and 1 bathroom and has been thoughtfully updated. All units are individually equipped with their own furnace, water heater, and wall A/C unit, providing efficient and independent utilities. Tenants enjoy in-unit washer and dryer, along with a full appliance package including stove, range, refrigerator, dishwasher, and garbage disposal. The property also features a large on-site parking lot with 12 total spaces, ensuring ample parking for residents. A turnkey multifamily asset with solid upside—ideal for both seasoned and new investors.
Property Facts
| Price | $716,355 CAD | Building Class | C |
| Price Per Unit | $143,271 CAD | Building Size | 5,238 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 5 | Year Built | 1989 |
| Property Type | Multifamily | Parking Ratio | 2.29/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $716,355 CAD |
| Price Per Unit | $143,271 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Building Size | 5,238 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 2.29/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Refrigerator
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 25-05-15-436-001 | Improvements Assessment | $305,394 CAD |
| Land Assessment | $24,519 CAD | Total Assessment | $329,913 CAD |
Property Taxes
Parcel Number
25-05-15-436-001
Land Assessment
$24,519 CAD
Improvements Assessment
$305,394 CAD
Total Assessment
$329,913 CAD
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2140 Adelpha Ave
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