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5645 E Grand River, Howell, MI 48843

Howell
Local realty services provided by:CENTURY 21 Northland
5645 E Grand River,Howell, MI 48843
$975,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ryann brier
Office: united realty services
MLS#:70511880
Source:MI_REALSOURCE

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 #:70511880
  • Added:1 day(s) ago
  • Updated:July 27, 2026 at 08:31 PM

Rooms and interior

  • Basement Description:MI Basement

Heating and cooling

  • Heating:Forced Air

Structure and exterior

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

Finances and disclosures

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

Parking

  • Parking description:Carport
MLS LogoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. MI_REALSOURCE Member Broker: Brad Platt

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