REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 975,000
Est. payment /mo
Active
5645 E Grand River Avenue Howell, MI 48843-9196
0.29 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70511880
Year Built 1950
Annual Tax Amount $7,061
Tax Year 2025
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 104x40
Property Sub-Type Multi-Family
Property Description
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.
Location
State MI
County Livingston
Area Genoa Twp (47005)
Rooms
Basement MI Basement
Interior
Heating Forced Air
Exterior
Exterior Feature Vinyl Siding, Wood
Parking Features Carport
Building
Foundation Basement
Structure Type Vinyl Siding,Wood
Schools
School District Howell Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/wmlar/26002193
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by United Realty Services