$889,900
FOR SALE5645 E Grand River Avenue, Howell, MI 48843
Howell, Mi, 48843
MLS #26057768
Subdivision: -
Building: -
- Beds
-/- Baths
- sqft
$ - /sqft
NEW ROOF + TANKLESS WATER HEATER: Turnkey 10-unit multifamily investment property fully occupied, cash-flowing, and priced to move at an 11.68% cap rate. This stabilized apartment building in Howell, MI delivers $136,392 in gross scheduled rental income ($11,366/month) and $103,897 in net operating income (NOI), making it an exceptional value-add alternative for the 1031 exchange buyer or passive income investor seeking a low-maintenance, income-producing asset. Unit mix: 3 studio units + 7 one-bedroom/one-bath units a diversified, in-demand mix that appeals to a broad tenant base and supports strong occupancy. 100% occupied with a stable, diversified rent roll: a mix of Section 8 / state-paid housing assistance tenants and conventional month-to-month tenants, providing reliable, partially government-backed cash flow with built-in rent stability.
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Listing Courtesy of: United Realty Services
