5645 E Grand River Avenue, Howell, MI 48843

Howell
Local realty services provided by:ERA Prime Real Estate Group
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#:71026002193
Source:MI_REALCOMP

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 #:71026002193
  • Added:51 day(s) ago
  • Updated:September 17, 2026 at 09:57 AM

Rooms and interior

  • Basement Description:Full

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Composition, Rubber
  • Year built:1950
  • Lot area:0.29 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Vinyl Siding, Wood Siding
  • Foundation Description:Michigan Basement

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$975,000
  • Tax amount:$7,061

Features and amenities

  • Laundry features:Common Area, In Basement, Laundry Room
  • Amenities:Storage

Parking

  • Total parking spaces:15
  • Parking description:Carport, Gravel, Paved
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