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Monthly Estimate*
$ 15,785
Eight duplexes conveniently located on the north end of Port Huron close to shopping and the beach. Units have undergone significant upgrades in the past two years. Fully occupied with a low vacancy rate. Each unit has all separate utilities. The landlord is currently paying some of the water bills but as the leases renew the tenants will be paying their own water bill. 1522/1524 and 1528/1530 both have a 2-car garage, which the landlord currently uses for his own use and could be rented for additional income. The other 12 units have a carport and additional parking available. NOI with a 5% vacancy factor $147,937. Current cap rate 6%. Cap rate after elimination of water expense 6.6
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1600 Holland Avenue, Port Huron Township, MI, 48060 is a Multi-Family Home for sale at $2,500,000 with 14,976 sqft and a lot size of 1.7. 1600 Holland Avenue is a studio with 16.16 baths and was built in 1971. The property's zip code is 48060 which is in Port Huron Township, MI
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