Courtesy of United Realty Services, Ryann Brier
5645 E Grand River Avenue, Howell, Michigan, 48843
0.29 Acres
7 bd
#26002193
NEW AND IMPROVED!!! Well-maintained, turnkey 10-unit multifamily (+ coin laundry) in Howell generating $11,300/month in gross rental income. Recent capital improvements include a brand new roof (2026), new AC throughout the whole building, and a new tankless water heater, helping minimize future maintenance costs. Selling at an 11% cap rate, with a stable tenant base and four long-term Section 8 tenants providing reliable, government-backed income. Owner-reported operating expenses average approximately $1,916/month. Strong cash-flow opportunity with additional upside through future rent growth.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
- Water Source : Public
- Sewer : Public Sewer
- Association Amenities : Laundry
- Parking Features: Driveway, Gravel, Paved
- Parking Total: 15
- Waterfront Features : Lake, Waterfront Access
- Cooling on Property:
- Cooling: Central Air
- Heating on Property:
- Heating : Natural Gas, Forced Air
- Construction Materials: Vinyl Siding, Wood Siding
- Roof: Composition, Rubber
- Road Surface Type: Paved
- Basement Description : Full
- Basement on Property:
- Laundry Features : Common Area, In Basement, Laundry Room
- Other Structures: Storage
PROPERTY DETAILS
ID: 26002193
Status: Active
Price: $899,900
Acres: 0.29 Acres
Price Per Acre: $3,103,103
Type: Multi-family
Address: 5645 E Grand River Avenue
City, State: Howell, Michigan
County: Livingston
Zip Code: 48843
Lat/Long: 42.574598, -83.835873
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