5645 E Grand River Avenue, Howell, MI 48843
- $975,000
- List Price
- $975,000
- Days on Market
- 191
- MLS#
- 26002193
- Status
- ACTIVE
- Type
- Multifamily
- Neighborhood
- Livingston County - 40
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.
Additional Information
- Owner Pays
- Electricity, Gas, Trash Collection, Water
- Taxes
- $7,061
- Acres
- 0.29
- Association Amenities
- Laundry
- Basement
- Full, Michigan Basement
- Body of Water
- Lake Chemung
- Heating
- Forced Air
- Roofing
- Composition, Rubber
- School District
- Howell
- Tenant Pays
- None
- Total Parking Spaces
- 15
- Utilities
- Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected
- Water Features
- Lake Front
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Ryann Brier from Listing Office: United Realty Services.
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