Properties for sale in Michigan

Overview

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!

Location Property Info

County: Ottawa
Street #: 901
Street Name: Butternut
Suffix: Drive
State: MI
Zip Code: 49424
Zip (4): 1545

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
Basement: 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
Homestead %: 0

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/SqFt: 111.4

More Information

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

Unit 1

Unit #: Yes
Unit Description: Unit #1
Occupied: Yes
Monthly Rent: 850
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 2
Unit Description: Unit #2
Occupied: Yes
Monthly Rent: 995
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 3
Unit Description: Unit #3
Occupied: Yes
Monthly Rent: 850
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit #: 4
Unit Description: Unit #4
Occupied: Yes
Monthly Rent: 995
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit #: 5
Unit Description: Unit #5
Occupied: Yes
Monthly Rent: 995
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit #: 6
Unit Description: Unit #6
Occupied: Yes
Monthly Rent: 850
Bathrooms: Yes
Full Baths: Yes

Unit 7

Unit #: 7
Unit Description: Unit #7
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes
Monthly Rent: 850

Unit 8

Unit #: 8
Unit Description: Unit #8
Occupied: Yes
Monthly Rent: 850
Bathrooms: Yes
Full Baths: Yes

Unit 9

Unit #: 9
Unit Description: Unit #9
Occupied: Yes
Monthly Rent: 850
Bathrooms: Yes
Full Baths: Yes

Unit 10

Unit #: 10
Unit Description: Unit #10
Occupied: Yes
Monthly Rent: 850
Bathrooms: Yes
Full Baths: Yes

Unit 11

Unit #: 12
Unit Description: 12
Occupied: Yes
Monthly Rent: 995
Bathrooms: Yes
Full Baths: Yes

Unit 12

Unit #: 14
Unit Description: Unit #14
Occupied: Yes
Monthly Rent: 1000
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: Woodland Dr and Riley St
Property Sub-Type: 5+ Units
Area: Holland/Saugatuck - H
Municipality: Holland Twp
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 109.65

Remarks & Misc

Public Remarks: 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!
Legal: W 446 FT OF N 713.86 FT OF NE 1/4 OF NW 1/4 LYING S OF PINE CREEK AND NE'LY OF BUTTERNUT DR SEC 18 T5N R15W

Lot Description

Level: Yes

Util Avail at Street

Electricity Available: Yes

Utilities Attached

Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Laundry Features

Washer Hookup: Yes

Exterior Material

Vinyl Siding: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Wall Unit(s): Yes

Tenant Pays

Electric: Yes
Gas: Yes

Substructure

Slab: Yes

Extras

Carports: Yes

Owner Pays

Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: Yes

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

901 Butternut Drive, Holland, MI 49424

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