512 S Broad St, Holly, MI 48442
Two move-in-ready units offer in-unit laundry area, updated finishes, and a large screened-in porch for everyday comfort.
- Added:
- Jun 3, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 6 at 5:53 am
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 agent Bethany Gormont (810) 642-5241
Listing office (810) 642-5241
Listing date Jun 3, 2026
Source Elliman
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
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
- Ground‑level unit has fresh paint throughout and new kitchen flooring, plus refinished hardwood flooring in the living room and both bedrooms
- Large screened‑in porch for relaxing outdoors attached to the ground‑level living space
- Each unit includes additional storage space
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Holly
- County
- Oakland
- State
- Michigan
- Longitude
- -83.6266464
- Latitude
- 42.7875556