1600 Holland Avenue
Port Huron, MI 48060
Multi Family · MLS # 58050214851 · Listing courtesy of Realty Executives Home Towne Shelby
About this home
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
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Port Huron
Over the last 90 days, 130 homes sold in Port Huron for a median of $180,000, about $123 per square foot, and the typical one went under contract in 8 days. This home is listed at $2,500,000, or $167 per square foot, 36% above the city median, and has been on the market 0 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Port Huron sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $42,855 a year. A buyer who lives here would pay about $52,154 a year once the taxable value resets after the sale, at the 2025 homestead rate of 41.31 mills for Port Huron City and Port Huron schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Port Huron
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