5645 E Grand River Avenue
Howell, Michigan 48843
7
Bed
0
Bath
0.29Acre(Lot)
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 Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Laundry Facility,Other,Cable Available Roof: Composition,Rubber -
Heating & Cooling
Cooling: Central Air Heating: Forced Air Heating Fuel: Natural Gas
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Building Information
Year Built: 1950 Total Units: 10 Roof: Composition,Rubber Foundation/Basement: Michigan Basement -
Utility Features
Sewer: Sewer (Sewer-Sanitary) -
Water
Public (Municipal)
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Lot Information
Lot Size: 0.29 Lot Dimensions: 104x40 Frontage Feet: 140 Waterfront: All Sports Lake Waterfront Description: Lake/River Priv -
Property Information
Financing: Cash,Conventional,Lease With Option
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Listing Price Information
Original List Price: $999,900 -
Listing Information
Possession: At Close Legal Description: SEC. 10 T2N, R5E, GLEN ECHO LOTS 46 AND 47
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Tax Information
Annual Tax: $7,061 Parcel Number: 1110301046Possession
At CloseLegal Information
Legal Description: Section: SEC. 10 T2N, R5E, GLEN ECHO LOTS 46 AND 47
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Virtual Tour
Parking Information
Parking: 15 -
Multi-Unit Information
Road Frontage: Paved -
Unit 1 Information
# of Bedrooms: 7
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School Information
School District: Howell -
Utility Information
Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 121 S Court Street , Howell, MI, 48843 | $650,000 | 4 | 7 | 5,472 | 5,472 SqFt |
| 744 E Sibley Street , Howell, MI, 48843 | $290,000 | 5 | 2 | 1,900 | 1,900 SqFt |
| 504 E Clinton Street , Howell, MI, 48843 | $249,000 | 3 | 2 | 1,528 | 1,528 SqFt |
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ByOwner last updated this listing 07/29/2026 @ 19:53
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