$475,000
PENDING

2150 Phillips Ave Holt, MI 48842

Estimated payment $3,466/month

Total Views 400
-- Bed
4 Baths
3,596 Sq Ft
$132 Price per Sq Ft

About This Home

Rare opportunity to purchase a four-unit multifamily investment property in Holt with strong rental demand and convenient access to Lansing, major employers, shopping, dining, and transportation corridors. The property consists of four residential units and is currently operated as an income-producing investment property. Recent capital improvements have been completed, including replacement of two HVAC systems and rehabilitation of one unit, helping to reduce near-term capital expenditure needs. Whether adding to an existing portfolio or entering the multifamily market, this property offers stable income potential in a desirable rental market. Financial information, rent roll, leases, and additional property details available upon request. Additional photography and floorplans coming soon.

Listing Agent

Colleen Kennedy

Prospect Realty Group License #6502432717 Listed on: 06/05/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1988

Lot Details

  • 20,909 Sq Ft Lot
  • Lot Dimensions are 159 x 156

Home Design

  • 3,596 Sq Ft Home
  • Brick Exterior Construction
  • Poured Concrete
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 250515435001

Community Details

Overview

  • 4 Units
  • Cassdav Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,710

Year Built

Built in 1988

Lot Details

0.48 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1988
  • State Equalized Value: 171500.00
  • Pets Allowed: Yes
  • Property Sub Type: MultiFamily
  • Co List Office Mls Id: 432821
  • Above Grade Finished Sq Ft: 3596.00
  • Special Features: None

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Full Bathrooms: 4

Exterior Features

  • Waterfront: No
  • Foundation Details: Basement, Poured
  • Construction Materials: Brick, VinylSiding
  • Road Frontage Type: Paved
  • Disclosures: AnnualPropertyOperatingDataAvailable, ConformstoZoning, LegalRentalCertified, ExclusionsDoNotExist, ProjectedIncome, TaxesNotHomesteadExempt
  • Exclusions: Exclusion(s) Do Not Exist

Garage/Parking

  • Garage: No

Utilities

  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Source: Public

Schools

  • Junior High Dist: Holt

Lot Info

  • Lot Dimensions: 159 x 156
  • Parcel Number: 250515435001
  • Land Lease Expiration Date: 2026-11-30
  • Zoning Description: MultiFamily, Residential

Rental Info

  • Monthly Rental Income: 4995.00

Tax Info

  • Tax Amount Summer: 1975.00
  • Tax Amount Winter: 8735.00
  • Tax Annual Amount: 10710.00

Multi Family

  • Gross Scheduled Income: 59940.00
  • Number Of Units Total: 4
  • Above Grade Finished Area Units: SquareFeet

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,975 $171,500 $12,000 $159,500
2024 $19 $148,400 $11,000 $137,400
2023 $10,361 $145,300 $8,000 $137,300
2022 $5,898 $118,400 $8,000 $110,400
2021 $5,789 $86,000 $8,000 $78,000
2020 $5,851 $86,000 $8,000 $78,000
2019 $5,613 $82,400 $8,000 $74,400
2018 $5,588 $78,500 $8,000 $70,500
2017 $5,388 $78,500 $8,000 $70,500
2016 $5,336 $78,500 $8,000 $70,500
2015 $5,895 $77,900 $16,000 $61,900
2014 $5,895 $78,200 $16,000 $62,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2026 06/10/26 Pending -- -- --
06/05/2026 06/05/26 For Sale $475,000 +33.8% $132 / Sq Ft
05/26/2022 05/26/22 Sold $355,000 +9.3% $99 / Sq Ft View Prior Sale
03/30/2022 03/30/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $324,900 -- $90 / Sq Ft
Source: Realcomp

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $355,000 Select Title
Warranty Deed $176,000 Tri County Title Agency Llc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Midstate Title Co
Interfamily Deed Transfer -- Midstate Title Company
Warranty Deed $137,900 First American Title
Warranty Deed $165,000 --
Warranty Deed $159,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $132,000 New Conventional
Previous Owner $96,300 New Conventional
Previous Owner $115,500 Purchase Money Mortgage
Previous Owner $110,320 Purchase Money Mortgage
Closed $20,685 No Value Available
Source: Public Records

Source: Realcomp

MLS Number: 20261041776

Realcomp

APN: 25-05-15-435-001

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