$1,270,000
Holland, MI 49424
MLS# 25054929
Status: Sold
1 / 15
Property Description
Welcome to this incredible investment opportunity! This well-maintained 16-unit apartment complex offers a strong rental history with over $15,000 per month in rental income. There are 12 one bedroom units & 4 two bedroom units, making it ideal for both tenants and investors seeking a turnkey property. The complex is conveniently located near shops, restaurants, and quick access to US-31, ensuring a desirable living experience for residents. Inside, each cozy kitchen is filled with natural light and offers space for dining, creating a warm and inviting atmosphere. Additional highlights include covered parking (with availability), in-unit washer/dryer hookups, and wall air-conditioning units for comfort and convenience. Tenants are responsible for electric and gas utilities, minimizing operating costs for the owner. Whether you're expanding your investment portfolio or seeking a stable, income-producing property, this apartment complex delivers exceptional value and opportunity!
Details
Maps
Location Property Info
County: Ottawa
Street #: 901
Street Name: Butternut
Suffix: Drive
State: MI
Zip Code: 49424
Zip (4): 1545
Area: Holland/Saugatuck - H
OfficeContract Info
Status: Sold
Current Price: $1,270,000
List Price: $1,250,000
Listing Date: 2025-10-23
General Property Info
Lot Measurement: Acres
Lot Square Footage: 87556
Lot Acres: 2.01
Lot Dimensions: 242x315x155x57x40x273x132
Year Built: 1972
New Construction: No
Financial Available: No
Cert of Compliance: No
Road Frontage: 242
Total # Units: 16
# of Diff Unit Floor Plans: 2
Total # Bldgs: 3
Total Approx. SqFt All Bldgs: 11400
Total Parking Spaces: 16
Waterfront: No
School District: West Ottawa
Association YN: No
Tax Info
Tax ID #: 70-16-18-100-011
Taxable Value: 242757
SEV: 746700
For Tax Year: 2024
Seller's Annual Property Tax: 11806
Tax Year: 2024
Spec Assessment & Ty: na
Remarks Misc
Directions: S River Ave to N River Ave to Butternut Dr north to home.
Status Change Info
Under Contract Date: 2025-10-28
Sold Date: 2025-12-15
Sold Price: $1,270,000
Sold Price/SqFt: 111.4
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: Unit #1
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Unit #2
Occupied: Yes
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: Unit #3
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: Unit #4
Occupied: Yes
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 5
Unit Description: Unit #5
Occupied: Yes
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 6
Unit Description: Unit #6
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 7
Unit #: 7
Unit Description: Unit #7
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Monthly Rent: 850
Unit 8
Unit #: 8
Unit Description: Unit #8
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 9
Unit #: 9
Unit Description: Unit #9
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 10
Unit #: 10
Unit Description: Unit #10
Occupied: Yes
Monthly Rent: 850
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 11
Unit #: 12
Unit Description: 12
Occupied: Yes
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 12
Unit #: 14
Unit Description: Unit #14
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Washer Hookup
Exterior Material: Vinyl Siding
Substructure: Slab
Lot Description: Level
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Electricity Available
Extras: Carports
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Wall Unit(s)
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Listing Office: HomeRealty Holland
Listing Agent: Luke Bouman
Last Updated: December - 15 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
