17-Unit Apartment
6004-6014 Holiday Gardens Drive, Grand Blanc, MI 48439
For Sale
$1,600,000
MULTIFAMILY, Grand Blanc, MI
Property Size16,910 SF
Lot Size9.23 Acres
Price / SF$94.62
Days on Market8
Property Features for 6004-6014 Holiday Gardens Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Appliances
Lot features
Elementary school district
Middle school district
High school district
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
shared laundry
Building Details
Floors in Building
Number of units
Architectural style
Buildings
Listing Agency:
Ham Group Realty
Listed By:
Lucy Ham · License MI #122522
(810) 659-6569
Added: Nov 3
Changed: Nov 10
Last Checked: Nov 10 at 11:06AM
MLS# 50226859
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 16,910-square-foot property comprises three brick buildings with 17 units on 9.23 acres. One building contains six two-story, two-bedroom townhomes, each with 1.5 baths, a private basement with washer and dryer, and a patio. The other buildings include two-bedroom, two-bath apartments and studios. Shared laundry serves those buildings, and units have stoves, refrigerators, and walk-in closets. Metal roofs and vinyl windows are among the building features; forced-air heat and central air are also present. Utilities are separately metered and paid by tenants. Most units are leased.
Key Highlights
- 17 units across three brick buildings
- 16,910 square feet on 9.23 acres
- Six two‑story townhomes, each with two bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,588
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,760
$2.6M
Cap Rate 7%
$1,851,257
$1.9M
Cap Rate 9%
$1,439,867
$1.4M
Market Conditions
NOI Build-Up for 16,910 SF
Gross rent
$249.6K $14.76/SF
− Vacancy
−$14.0K −$0.83/SF
EGI
$235.6K $13.93/SF
− OpEx
−$106.0K −$6.27/SF
NOI
$129.6K $7.66/SF
Area
Genesee County, MI
Vacancy
5.60%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,760
Cap Rate 7%
$1,851,257
Cap Rate 9%
$1,439,867
Alternative Uses
Best Use
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,588 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.56M
$3.11M – $4.15M
NOI $249,082 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
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Business Placement
Demographics for 48439, MI
51,719
Population
22,101
Households
2.3
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
54.5 sq mi
ZIP Area
949
Density / Sq Mi
$88,505
Median Household Income
$47,506
Median Earnings
$1,035
Median Rent
$250,800
Median Home Value
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Market
Properties on Market for Apartment buildings in Genesee County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three brick buildings offer townhomes, apartments, and studios across a wooded residential property.
Where is this apartment building located?
The property is located at 6004-6014 Holiday Gardens Drive Grand Blanc, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 17 units across three brick buildings; 16,910 square feet on 9.23 acres; Six two‑story townhomes, each with two bedrooms and 1.5 baths
