5645 E Grand River Avenue, Howell, MI 48843-9196
5645 E Grand River Avenue, Howell, MI 48843-9196
5645 E Grand River Avenue, Howell, MI 48843-9196
5645 E Grand River Avenue, Howell, MI 48843-9196
5645 E Grand River Avenue, Howell, MI 48843-9196
5645 E Grand River Avenue, Howell, MI 48843-9196
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David Godin

David Godin

+1(586) 416-0600
$ 975,000
Est. payment | /mo

0.29 Acres Lot

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$ 975,000
Est. payment | /mo
Save Virtual Tour

0.29 Acres Lot

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

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by United Realty Services

Schools and Properties Nearby

David Godin

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(586) 416-0600

davidgodin@hotmail.com

101 W Big Beaver Rd, Troy, MI 48084, USA

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5645 E Grand River Avenue