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    2132 Cedar St Holt, MI 48842

    Sponsored
    For Sale
    $290,900

    High-return multi-family building, prime location.

    Property size:
    2,535 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional multi-family property at 2132 Cedar Street, Unit 2132, Holt, MI, presents a lucrative investment opportunity. Boasting over 2,535 square feet on a 0.36-acre lot, this building offers five current lease spaces with the potential for a sixth, generating immediate revenue. The upper level features two full bathrooms with convenient front and back access, including wheelchair accessibility. The lower level includes a sizable storage area, leasable if desired, also with front and back access, plus a washer, dryer, and shower in the common area. A two-bedroom apartment with a full kitchen, bathroom, and laundry is also located on the lower level and is currently leased, offering owner-occupancy potential. Two exterior sheds provide additional storage. Significant recent upgrades include two new gas furnaces (2018), a new roof and eavestroughs (2022), and three new air conditioning units (2024). The parking lot was also redone in 2018. The property is zoned Town Center, allowing for both residential and commercial use, a significant advantage. Three leases are currently in place. The building includes two full baths, two half baths, and a separate shower. Its prime location between Aurelius and Holt Roads, along with road signage, ensures high visibility. This well-maintained property offers ample parking and represents a strong investment with immediate income potential.

    Property Features for 2132 Cedar St

    General Information

    Property type
    Residential income properties
    Square Feet
    2,535 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Ayad M. ... Internist Work Health Cedar Occupational Health Service Peace & Harmony Counseling ... Mental Health Service BluBird Kitchen & Design Interior Designer Edward C. Cook, ... Psychoneurological Specialized Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holt
    County
    Ingham
    State
    Michigan
    Longitude
    -84.51937
    Latitude
    42.64454

    Nearby Comparable

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    Nearby Similar for Sale

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      Versatile two-story building suitable for various businesses.
      2291 Cedar St, Holt, MI 48842
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      Retail/Office Suites in Holt

      Retail and office suites available in Holt, Michigan.
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      Office/Medical Building Suites Available

      Office and medical suites for lease in Holt, Michigan.
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      Commercial real estate • 1,001 SF
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    FAQs

    What type of property is this?
    Residential income property - High-return multi-family building, prime location.
    Where is this residential income property located?
    The property is located at 2132 Cedar St Holt, MI.
    What is the asking price?
    The asking price for this property is $290,900.
    (517) 694-7653
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    2132 Cedar St Holt, MI 48842
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    Holt, MI 48842
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2132 Cedar St Holt, MI 48842
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