5645 E Grand River Avenue, Howell, MI 48843 (MLS# 26002193)

5645 E Grand River Avenue, Howell, MI 48843

$975,000

Virtual Tour

https://www.propertypanorama.com/instaview/wmlar/26002193

uuid=AD1CBD50-490F-4AF8-848F-7474445B956

uuid=24A76DFC-D754-4F77-B44D-AAC1BE804B3

Property Type: Multi Family Lot Size (sq. ft.): 12,632 Status: Active

Current Price: $975,000 List Date: 1/19/2026 Last Modified: 7/27/2026

Overview

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.

Listing Details MLS# 26002193

Location Property Info

County: Livingston
Street #: 5645
Street Direction: E
Street Name: Grand River
Suffix: Avenue
State: MI
Zip Code: 48843
Zip (4): 9196

General Property Info

Lot Measurement: Acres
Lot Square Footage: 12632
Lot Acres: 0.29
Lot Dimensions: 104x40
Year Built: 1950
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Road Frontage: 140
Total # Units: 10
# of Diff Unit Floor Plans: 2
Total # Bldgs: Yes
Total Parking Spaces: 15
Waterfront: No
Body of Water: Lake Chemung
Statewide Lakes & Rivers: Lake Chemung
School District: Howell
Association YN: No
Basement: Yes

Tax Info

Tax ID #: 11-10-301-046
Taxable Value: 169310
SEV: 222200
For Tax Year: 2025
Seller's Annual Property Tax: 7061
Tax Year: 2025
Spec Assessment & Ty: None
Homestead %: 0

Waterfront Options

Water Access Y/N: Yes
Water Frontage: 0

Access Feat

Accessibility Features: No

More Information

Income and Expenses

Gross Op. Inc.: 135600
Net Operating Income: 100600
Operating Expense: 35100

Unit 1

Unit Description: Yes
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit Description: 2
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit Description: 3
Bathrooms: Yes
Full Baths: Yes

Unit 4

Unit Description: 4
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit Description: 5 - Studio
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit Description: 6
Bathrooms: Yes
Full Baths: Yes

Unit 7

Unit Description: 7
Bathrooms: Yes
Full Baths: Yes

Unit 8

Unit Description: 8
Bathrooms: Yes
Full Baths: Yes

Unit 9

Unit Description: 9 - studio
Bathrooms: Yes
Full Baths: Yes

Unit 10

Unit Description: 10 - studio
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: Latson Rd & E Grand River Ave
Property Sub-Type: 5+ Units
Area: Livingston County - 40
Municipality: Genoa Twp

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: 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.
Legal: SEC. 10 T2N, R5E, GLEN ECHO LOTS 46 AND 47

Water Type

Lake: Yes

Water Fea. Amenities

All Sports: Yes
Deeded Access: Yes

Lot Description

Corner Lot: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

High Speed Internet: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes
Lease Purchase: Yes

Laundry Features

Common Area: Yes
In Basement: Yes
Laundry Room: Yes

Assoc. Amenities

Laundry: Yes

Exterior Material

Vinyl Siding: Yes
Wood Siding: Yes

Roofing

Composition: Yes
Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Tenant Pays

None: Yes

Driveway

Gravel: Yes
Paved: Yes

Substructure

Full: Yes
Michigan Basement: Yes

Extras

Carports: Yes
Tenant Storage: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: Common Area; In Basement; Laundry Room Water Type: Lake Exterior Material: Vinyl Siding; Wood Siding Roofing: Composition; Rubber Substructure: Full; Michigan Basement Lot Description: Corner Lot Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: High Speed Internet Extras: Carports; Tenant Storage Owner Pays: Electricity; Gas; Trash Collection; Water Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Gravel; Paved Street Type: Paved; Public Terms Available: Cash; Conventional; Lease Purchase Possession: Close Of Escrow Sale Conditions: None

Documents

Package Overview ›

Listing Office: United Realty Services

Listing Agent: Ryann Brier

Last Updated: July - 27 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.