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2345 Cedar St 5 Unit Apartment Building $325,762 CAD ($65,152 CAD/Unit) Holt, MI 48842
Investment Highlights
- Near Public Transportation
- Near shopping
- Convenient access to all major roads
Executive Summary
Two Structures on One site. A 4-unit and a 1-unit, for a total of 5 units. Long Term owner now retiring. Property has ample parking, and is in a very convenient location. Currently the owner pays: GFA Heat in Main building only; Water; Sewer; Lawncare; and Snow Removal. Tenants pay for Electricity in both buildings and also Gas in Building 2 - Unit 5. Note - Unit 5 is in Building 2 and is a 1 Bedroom & 1 Bath apartment.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$51,135
|
$17.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$51,135
|
$17.02
|
| Taxes |
$7,501
|
$2.50
|
| Operating Expenses |
$7,305
|
$2.43
|
| Total Expenses |
$14,806
|
$4.93
|
| Net Operating Income |
$36,329
|
$12.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $51,135 |
| Annual Per SF | $17.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $51,135 |
| Annual Per SF | $17.02 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,501 |
| Annual Per SF | $2.50 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,305 |
| Annual Per SF | $2.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $14,806 |
| Annual Per SF | $4.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $36,329 |
| Annual Per SF | $12.09 |
Property Facts
| Price | $325,762 CAD | Building Class | C |
| Price Per Unit | $65,152 CAD | Lot Size | 0.40 AC |
| Sale Type | Investment | Building Size | 3,005 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R1-D - R1 - D See attachment | ||
| Price | $325,762 CAD |
| Price Per Unit | $65,152 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 3,005 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | R1-D - R1 - D See attachment |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 400 - 500 |
| 1+1 | 2 | - | 500 - 580 |
| 2+1 | 1 | - | 500 - 600 |
1 1
Property Taxes
| Parcel Number | 25-05-15-253-013 | Total Assessment | $204,675 CAD |
| Land Assessment | $25,635 CAD | Annual Taxes | $7,501 CAD ($2.50 CAD/SF) |
| Improvements Assessment | $179,039 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
25-05-15-253-013
Land Assessment
$25,635 CAD
Improvements Assessment
$179,039 CAD
Total Assessment
$204,675 CAD
Annual Taxes
$7,501 CAD ($2.50 CAD/SF)
Tax Year
2025
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2345 Cedar St
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