About This Home

This 7-bedroom, 0-bathroom residential multi family at 5645 E Grand River Avenue in Howell, MI is listed for $899,900. Built in 1950, on a 0.29 acres lot.

Key Features

  • Built in 1950
  • 0.29 acre lot
  • 15 parking spaces
  • Waterfront

Property Details

10 full
15 spaces
1950

Amenities

WaterfrontA/C
Listing 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.

Monthly Cost Estimate

$4,813/mo

20% down · 6.5% · 30 years

Principal$651
Interest$3,900
Insurance$262

Estimates only. Actual payments may vary.

Location

5645 E Grand River Avenue

Howell, MI 48843

Property Details

Construction

Vinyl Siding Wood Siding

Parking

Driveway

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 7-bedroom, 0-bathroom residential multi family at 5645 E Grand River Avenue is listed at $899,900. The estimated monthly payment is $4,812 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1950, 0.29 acre lot, 15 parking spaces, Waterfront.

This property is listed by Ryann Brier.

RB

Ryann Brier

Agent at United Realty Services

Listed by United Realty Services · Broker phone: 616-965-2304 · View on Broker Site

MLS# 26002193· Source: Michigan Regional Information Center, LLC.· 282 days on PropertySimple

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5645 E Grand River Avenue, Howell, MI 48843

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