Sugar Pine Apartments is a stabilized, value-add 19 unit apartment building located in Holt, MI. The property consists of eighteen 1 bedroom apartments (800 square feet) one 3 bedroom unit (1,000 square feet) and 9 storage units. The property is 100% occupied grossing $17,295 per month. All 19 units are in one building - that was built in 1999. Each unit is equipped with a window air conditioning unit, along with baseboard heat. There are 28 parking spaces for the 19 units. The units are separately metered for electric which the tenant puts in their name. The heat is supplied through baseboard heat. The landlord pays for water, sewer and trash. Most properties in the area bill back for these utilities, so there is opportunity to increase value through collecting RUBS. The current owner has invested over $100,000 into the building this year including patching, sealing and striping the parking lot, 3 unit renovations, and exterior / common area CAPEX.
Multi-familyProperty Type
1999Year Built
1.49 acresLot Size
$96Price/Sq.Ft.
Listed by Brady Williams• Greater Development LLC
Bought with Brady Williams• Greater Development LLC
Sugar Pine Apartments is a stabilized, value-add 19 unit apartment building located in Holt, MI. The property consists of eighteen 1 bedroom apartments (800 square feet) one 3 bedroom unit (1,000 square feet) and 9 storage units. The property is 100% occupied grossing $17,295 per month. All 19 units are in one building - that was built in 1999. Each unit is equipped with a window air conditioning unit, along with baseboard heat. There are 28 parking spaces for the 19 units. The units are separately metered for electric which the tenant puts in their name. The heat is supplied through baseboard heat. The landlord pays for water, sewer and trash. Most properties in the area bill back for these utilities, so there is opportunity to increase value through collecting RUBS. The current owner has invested over $100,000 into the building this year including patching, sealing and striping the parking lot, 3 unit renovations, and exterior / common area CAPEX.
REALCOMP #20240081425
Feb 4, 2025
Sold
$1,750,000
$96/sq ft
Dec 17, 2024
Pending
—
Dec 9, 2024
Pending
—
Oct 28, 2024
Listed
$1,850,000
$102/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
176 ft.
Lot depth
336 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Ingham County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 17, 2024.
RM-1
Multiple-Family Residential District
This district is provided to accommodate a mixture of housing types, to permit boarding and lodging homes under specified maximum capacities, and to serve the limited needs for garden apartments, townhouses, row houses or other group housing facilities similar in character and density.
Permitted uses
Include but are not limited to:
Housing-Multiple units
Property details
Interior
Bathroom Information
# of Full Bathrooms: 19
Heating & Cooling
Cooling: None
Has Heating
Heating: Baseboard, Natural Gas
Room Information
Has Basement
Basement Details: Finished
Exterior
Exterior Features
Roof: Asphalt
Pool Information
Pool Features: None
Building Information
Above Grade Finished Area: 18,200
Levels: Two
Construction Materials: Brick
Foundation Details: Brick/Mortar
Property Features
Pets Allowed: Call
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily
Lot Information
Road Surface Type: Paved
Lot Size Dimensions: 175.80 x 336.00
Lot Size Area: 1.49
Lot Size Units: Acres
Lot Size Acres: 1.49
Zoning Description: MultiFamily
Financial
Tax Information
Tax Annual Amount: $21,912
Utilities
Utility Information
Water Source: Public
Sewer: Public Sewer
Location
Schools Information
High School District: Holt
Location Information
Directions: Holt
Cross Street: Aurelius
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Ingham County
APN: —
Home facts updated by county records on Sep 17, 2024
Other
Listing Information
List AOR: RealcompIILtd
Around this home
Schools
Elliott Elementary School
Public K-5 • Assigned • 0.7mi
6/10
Holt Junior High School
Public 7-8 • Assigned • 1.1mi
6/10
Holt Senior High School
Public 9-12 • Assigned • 2.9mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 97° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Holt, MI • 48842
Average low and high temperatures (°F)
27
15
34
18
52
31
61
40
68
47
80
59
82
64
79
58
76
53
65
43
48
35
35
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 2.6 hours in December, placing it below the
U.S. average for solar exposure.