5645 E Grand River Avenue
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $899,900 |
| No. of Units: | 10 |
| Year Built: | 1950 |
| Opportunity Zone: | No |
| Price per unit: | $89,990 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 0 |
ID: 3yd-GRARMI-26002193
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