Updated Duplex with Screened
512 S Broad St Holly, MI 48442
For Sale
$237,000
Two move-in-ready units offer in-unit laundry area, updated finishes, and a large screened-in porch for everyday comfort.
Property Size1,292 SF
Price / SF$183.44
Days on Market52
Property Features for 512 S Broad St
General Information
- Standard status
- Active
- Size
- 1,292 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1880
Listing Agency:
(810) 642-5241
Listed By:
Bethany Gormont
(810) 642-5241
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 8:28AM
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 Bethany Gormont
Investment Insights
Based on property information with market context.
This updated duplex offers two separate residences with refreshed interiors and move-in-ready condition. The upper-level unit includes one bedroom and one full bathroom, with freshly painted walls, new flooring in the kitchen and living area, and refinished hardwood flooring in the bedroom. A dedicated area for in-unit laundry supports day-to-day convenience. The ground-level unit provides two bedrooms and one full bathroom, with fresh paint, refinished hardwood flooring in the living room and both bedrooms, and new flooring in the kitchen. Both units include additional storage space, helping support tenant or homeowner organization.
Located on S Broad St in Holly, Michigan, the property presents a classic duplex setup with an abundance of windows bringing natural light into the living areas. The ground-level unit’s large screened-in porch extends usable outdoor living space for relaxing mornings or evenings.
The layout can suit a range of buyers, including owner-occupants seeking rental income from a second unit, investors looking for a duplex with recent updates, or multi-generational households that prefer separate living spaces. With tasteful improvements throughout and practical features like in-unit laundry (upper unit) and dedicated storage for both units, the property is positioned for straightforward occupancy.
Located on S Broad St in Holly, Michigan, the property presents a classic duplex setup with an abundance of windows bringing natural light into the living areas. The ground-level unit’s large screened-in porch extends usable outdoor living space for relaxing mornings or evenings.
The layout can suit a range of buyers, including owner-occupants seeking rental income from a second unit, investors looking for a duplex with recent updates, or multi-generational households that prefer separate living spaces. With tasteful improvements throughout and practical features like in-unit laundry (upper unit) and dedicated storage for both units, the property is positioned for straightforward occupancy.
Key Highlights
- Duplex built in 1880 with 2 units: upper unit 508 SF (1 bed, 1 full bath) and ground unit 784 SF (2 bed, 1 full bath)
- Both units feature fresh paint and updated flooring, including newly installed kitchen/living flooring in the upper unit and refinished hardwood flooring in bedrooms/living areas
- Upper unit includes a dedicated in‑unit laundry area for added everyday convenience
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.6k | $19.80 |
| − Vacancy | −$1.2k | −$0.89 |
| EGI | $24.4k | $18.91 |
| − OpEx | −$7.3k | −$5.67 |
| NOI | $17.1k | $13.24 |
1,292 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.3K
$213.8K – $285.0K
NOI $17,101 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$226.4K
$198.1K – $264.1K
NOI $15,848 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$278.7K
$243.8K – $325.1K
NOI $19,507 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two move-in-ready units offer in-unit laundry area, updated finishes, and a large screened-in porch for everyday comfort.
Where is this duplex located?
The property is located at 512 S Broad St Holly, MI.
What is the asking price?
The asking price for this property is $237,000.
What are key features of this property?
This property features: Duplex built in 1880 with 2 units: upper unit 508 SF (1 bed, 1 full bath) and ground unit 784 SF (2 bed, 1 full bath); Both units feature fresh paint and updated flooring, including newly installed kitchen/living flooring in the upper unit and refinished hardwood flooring in bedrooms/living areas; Upper unit includes a dedicated in‑unit laundry area for added everyday convenience
