$899,900
0.29 Acre Lot

5645 E Grand River Avenue, Howell, Michigan 48843

  • Multi Family Property Type
  • Paved Cars Garage
  • 1950 Year Built
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.

Basic Details
Multi Family
For Sale
26002193
$899,900
1950
0.29 Acre
Pending
5+ Units
: Rubber, Composition
Features
: Forced Air
: Central Air
: Michigan Basement, Full
: Paved, Driveway, Gravel
: Laundry Room, In Basement, Common Area
: Natural Gas Connected, Phone Connected, Cable Connected, Electricity Connected
: Lake
Address Map
MI
Livingston
Howell
48843
Grand River
5645
Avenue
W84° 9' 35.4''
N42° 34' 34.5''
Livingston County - 40
E
Neighborhood
Howell
Additional information
United Realty Services
Ryann Brier
Additional Information
Laundry
: Vinyl Siding, Wood Siding
: Corner Lot
104x40
10
2026-08-03
Lake Chemung
Financial
1
7061.0
Listing Information
h19929
hh11859
Cash, Conventional
Pending
2026-10-19T12:46:09Z
MICHRIC
2026-10-19T12:45:45Z
Agent info
6231 W River Dr NE STE K, Belmont, MI 49306
Contact Agent