About This Home
This 7-bedroom, 0-bathroom residential multi family at 5645 E Grand River Avenue in Howell, MI is listed for $975,000. Built in 1950, on a 0.29 acres lot.
Key Features
- Built in 1950
- 0.29 acre lot
- 15 parking spaces
- Waterfront
Property Details
Amenities
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
$5,215/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5645 E Grand River Avenue
Howell, MI 48843
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 7-bedroom, 0-bathroom residential multi family at 5645 E Grand River Avenue is listed at $975,000. The estimated monthly payment is $5,214 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 and can be reached at 7342108543.