Duplex with Finished
For Sale
$249,900
4730-4732 Holt Road, Holt, MI 48842
Multi-Family zoning and a finished basement support the property’s residential configuration.
Property Size1,044 SF
Price / SF$239.37
Days on Market87
Property Features for 4730-4732 Holt Road
General Information
Standard status
Active
Size
1,044 SF
Property subtype
Residential Income / Duplex
Zoning
Multi-Family
Additional Details
Multifamily Units
2
Amenities
Forced Air, Natural Gas
Full, Concrete, Sump Pump
Carpet, Laminate, Linoleum
Gas Water Heater
No
Yes
1.0
Blinds, Screens
In Basement, Electric Dryer Hookup
Shingle
Back Yard, Chain Link
Building Details
Year Built
1973
Listing Agency:
Coldwell Banker Professionals-Delta
Listed By:
J. Jeff Watson · License #6501271351
(517) 202-9976
Source:
Compass
Added: Aug 7
Changed: Oct 29
Last Checked: Oct 30 at 5:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Professionals-Delta
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,044-square-foot duplex was built in 1973 and includes two bedrooms and 1.5 baths. A finished basement adds usable interior space, with a concrete foundation and sump pump. Interior features include forced-air heating, a gas water heater, and carpet, laminate, and linoleum flooring. The exterior has shingle roofing and a chain-link fence around the backyard.
The property is located in Holt, Michigan, one-half mile west of Holt Plaza. It is zoned Multi-Family.
The property is located in Holt, Michigan, one-half mile west of Holt Plaza. It is zoned Multi-Family.
Key Highlights
- Duplex with 1,044 square feet of building area
- Two bedrooms and 1.5 baths
- Finished basement with concrete construction and sump pump
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,463
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,260
$189.3K
Cap Rate 7%
$135,186
$135.2K
Cap Rate 9%
$105,144
$105.1K
Market Conditions
NOI Build-Up for 1,044 SF
Gross rent
$14.4K $13.80/SF
− Vacancy
−$889 −$0.85/SF
EGI
$13.5K $12.95/SF
− OpEx
−$4.1K −$3.88/SF
NOI
$9.5K $9.06/SF
Area
Ingham County, MI
Vacancy
6.17%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,260
Cap Rate 7%
$135,186
Cap Rate 9%
$105,144
Alternative Uses
Best Use
Multifamily LT 5
$135.2K
$118.3K – $157.7K
NOI $9,463 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$121.5K
$106.3K – $141.7K
NOI $8,504 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$167.7K
$146.8K – $195.7K
NOI $11,741 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 48842, MI
21,548
Population
9,573
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,830
Median Household Income
$50,275
Median Earnings
$1,245
Median Rent
$211,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Multi-Family zoning and a finished basement support the property’s residential configuration.
Where is this duplex located?
The property is located at 4730-4732 Holt Road Holt, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Duplex with 1,044 square feet of building area; Two bedrooms and 1.5 baths; Finished basement with concrete construction and sump pump
