5645 E Grand River Avenue, Howell, MI 48843
5645 E Grand River Avenue, Howell, MI 48843
5645 E Grand River Avenue, Howell, MI 48843
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Sherie Berry

Sherie Berry

Homes by Hazard

+1(616) 581-3294
$975,000
Est. payment /mo
0.29 Acres Lot
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Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Genoa Twp

MLS Listing ID 26002193

HOA Y/N true

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 5+ Units

Source Michigan Regional Information Center (MichRIC)

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 Livingston County - 40

Body of Water Lake Chemung

Rooms

Basement Full, Michigan Basement

Interior

Heating Forced Air

Cooling Central Air

Laundry Common Area, In Basement, Laundry Room

Exterior

Parking Features Driveway, Gravel, Paved

Utilities Available Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Amenities Available Laundry

Waterfront Description Lake

View Y/N No

Roof Type Composition,Rubber

Street Surface Paved

Total Parking Spaces 15

Building

Lot Description Corner Lot

Structure Type Vinyl Siding,Wood Siding

New Construction No

Schools

School District Howell

Others

Tax ID 11-10-301-046

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/wmlar/26002193

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Listed by United Realty Services

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Sherie Berry

Sherie Berry

+1(616) 581-3294

Agent | License ID: 6501452737

Agent License ID: 6501452737

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