5645 E Grand River Avenue, Howell, MI 48843

Howell
Local realty services provided by:ERA Reardon Realty
5645 E Grand River Avenue,Howell, MI 48843
$975,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ryann brier
Office: united realty services
MLS#:26002193
Source:MI_MICHRIC

Price summary

  • Price:$975,000

About this home

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.

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Home facts

  • Year built:1950
  • Listing ID #:26002193
  • Added:1 day(s) ago
  • Updated:July 28, 2026 at 03:53 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Michigan Basement

Heating and cooling

  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1950
  • Lot area:0.29 Acres
  • Construction Materials:Vinyl Siding, Wood Siding

Finances and disclosures

  • Price:$975,000
  • Tax amount:$7,061 (2025)

Parking

  • Total parking spaces:15

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