$975,000
FOR SALE5645 E Grand River Avenue, Howell, MI 48843
Howell, Mi, 48843
MLS #26002193
Subdivision: -
Building: -
- Beds
-/- Baths
- sqft
$ - /sqft
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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Listing Courtesy of: United Realty Services
