$899,900
5645 E Grand River Avenue, Howell, MI 48843
0 baths
- Lot
- 0.29 acres
- Built
- 1950
- Type
- 5+ Units
- On market
- 248 days
DescriptionShowHide
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.
Facts & features
Interior2
- Bathrooms
- 0
- Basement
- Full, Michigan Basement
Heating, cooling & utilities3
- Heating
- Forced Air
- Cooling / AC
- Central Air
- Utilities
- Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Parking1
- Parking
- Driveway, Gravel, Paved
Exterior & construction5
- Lot size
- 0.29 acres
- Lot features
- Corner Lot
- Construction
- Vinyl Siding, Wood Siding
- Roof
- Composition, Rubber
- Year built
- 1950
HOA / association2
- Association
- Yes
- Amenities
- Laundry
Property details7
- Type
- OTHER
- Sub-type
- 5+ Units
- County
- Livingston
- Parcel #
- 11-10-301-046
- Days on market
- 248
- MLS #
- 26002193
- Status
- Active
District: Howell
No individual schools were listed for this home.
Assigned schools as entered by the listing agent. Attendance boundaries change — confirm with the district before relying on this.
DocumentsShowHide
Documents provided through the MLS where permitted for public display.
Price & tax historyShowHide
- $899,900
Listing courtesy of United Realty Services · Ryann Brier
734-210-8543 · ryannb.realtor@gmail.com
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