About 5645 E Grand River Avenue
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.
Features of 5645 E Grand River Avenue
| MLS® # | 71026002193 |
|---|---|
| Price | $975,000 |
| Bathrooms | 0.00 |
| Acres | 0.29 |
| Year Built | 1950 |
| Type | Multifamily |
| Status | Active |
Community Information
| Address | 5645 E Grand River Avenue |
|---|---|
| Area | 01111 - Genoa Twp |
| City | Genoa township |
| County | Livingston |
| State | Michigan |
| Zip Code | 48843 |
Amenities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected |
|---|---|
| Parking | Gravel, Paved, Carport |
| Is Waterfront | No |
| Waterfront | All Sports Lake, Lake, Water Access/Rights |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Construction | Vinyl Siding, Wood Siding |
| Foundation | Michigan Basement |
School Information
| District | Howell |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | United Realty Services |
|---|---|
| Contact Info | ryannb.realtor@gmail.com |