18-Unit Apartment
New
For Sale
$1,600,000
6004-6014 Holiday Gardens Drive, Grand Blanc, MI 48439
MULTIFAMILY, Grand Blanc, MI
Property Size16,910 SF
Lot Size9.23 Acres
Price / SF$94.62
Days on Market4
Property Features for 6004-6014 Holiday Gardens Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
32
Bathrooms
40
Full bathrooms
32
Half bathrooms
8
Rooms
Bathroom 21, Bedroom 16, Bathroom 34, Bathroom 24, Basement, Bedroom 32, Bedroom 11, Bathroom 40, Bedroom 29, Bathroom 6, Bedroom 3, Bathroom 11, Bathroom 20, Bathroom 23, Bedroom 15, Bedroom 19, Bathroom 13, Bathroom 25, Bathroom 1, Bathroom 7, Bedroom 7, Bedroom 6, Bedroom 1, Bathroom 16, Bedroom 17, Bedroom 5, Bathroom 26, Bathroom 4, Bathroom 31, Bedroom 26, Bedroom 12, Bedroom 23, Bathroom 12, Bathroom 9, Bathroom 8, Bathroom 14, Bedroom 14, Bathroom 18, Bathroom 19, Bathroom 33, Bathroom 38, Bedroom 13, Bedroom 21, Bathroom 35, Bathroom 36, Bedroom 28, Bedroom 10, Bedroom 30, Bedroom 25, Bedroom 18, Bedroom 9, Bathroom 2, Bedroom 22, Bathroom 5, Bathroom 28, Bedroom 27, Bathroom 27, Bathroom 29, Bathroom 30, Bathroom 15, Bedroom 24, Bathroom 17, Bathroom 32, Bathroom 3, Bedroom 20, Bedroom 31, Bathroom 37, Bathroom 22, Bathroom 39, Bedroom 4, Bedroom 2, Bathroom 10, Bedroom 8
Patio and Porch features
Patio
Interior features
Cable/Internet Avail.
Exterior features
Patio
Appliances
Range/Oven, Refrigerator
Lot features
Deep Lot - 150+ Ft., Large Lot - 65+ Ft., Wooded
Elementary school district
Grand Blanc Comm Schools
Middle school district
Grand Blanc Comm Schools
High school district
Grand Blanc Comm Schools
Subdivision
Grand Blanc Twp (25011)
Standard status
Active
APN
12-10-501-010
Size
16,910 SF
Lot size
9.23 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Annual Amount
34419
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Number of units
18
Architectural style
Split Level
Buildings
3
Listing Agency:
Ham Group Realty
Listed By:
Lucy Ham · License #122522
(810) 659-6569
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 6 at 8:06AM
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 18-unit property comprises three brick buildings. One contains six two-bedroom townhomes, each with 1.5 baths, a private basement, and a patio. The other buildings offer two-bedroom, two-bath apartments alongside studio units. Stove and refrigerator are included in all units, which also feature walk-in closets. Metal roofs and vinyl windows are noted across the property.
Set on wooded acreage in Grand Blanc, the property is mostly leased. Tenants pay their own separate utilities. The site contains 16,910 square feet of building area, and the property includes patios, forced-air heating, and central air conditioning.
Set on wooded acreage in Grand Blanc, the property is mostly leased. Tenants pay their own separate utilities. The site contains 16,910 square feet of building area, and the property includes patios, forced-air heating, and central air conditioning.
Key Highlights
- 18 units across three brick buildings
- 16,910 square feet of building area
- One building has six two‑bedroom townhomes, each with 1.5 baths, a private basement, and a patio
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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Lease Details
18
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
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Three brick buildings combine townhomes, apartments, and studio units with tenant-paid separate utilities.
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: 18 units across three brick buildings; 16,910 square feet of building area; One building has six two‑bedroom townhomes, each with 1.5 baths, a private basement, and a patio
