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5645 E Grand River Avenue Howell, MI $ 975,000
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5645 E Grand River Avenue
$ 975,000
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5645 E Grand River Avenue

Howell, MI, 48843
$ 975,000
Baths0.0

Monthly Estimate*

$ 6,156

5645 E Grand River Avenue, Howell, MI 48843 - Image 1
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5645 E Grand River Avenue, Howell, MI 48843 - Image 3
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5645 E Grand River Avenue, Howell, MI 48843 - Image 7
5645 E Grand River Avenue, Howell, MI 48843 - Image 8
5645 E Grand River Avenue, Howell, MI 48843 - Image 9
5645 E Grand River Avenue, Howell, MI 48843 - Image 10
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5645 E Grand River Avenue, Howell, MI 48843 - Image 12
5645 E Grand River Avenue, Howell, MI 48843 - Image 13
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Studio

Multi-Family Home for sale in Howell, MI

for $975,000. This home was built in 1950 on a lot size of 0.29.

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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Multi-Family Active

Price

$ 975,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,061

Style

5+ Units

Lot Size

0.29

Year Built

1950

Town/City

Howell

County/Region

Livingston

MLS | Web ID

26002193
Features
General
Heating Forced Air
Cooling Central Air
Utilities Phone Connected Natural Gas Connected Electricity Connected Cable Connected
Possession Close Of Escrow
Roof Composition Rubber
Construction Materials Vinyl Siding Wood Siding
Year Built 1950
Tenant Pays None
Township Genoa Twp
Property Subtype 5+ Units
Tax Year 2025
Gross Income 135600.0
Waterfront Features Lake
County Livingston
Net Operating Income 100600.0
Operating Expense 35100.0
New Construction N
Property Type Multi Family
Association Amenities Laundry
HOA Y
Attached Garage N
Status Active
City Howell
Body of Water Lake Chemung
High School District Howell
Number Of Units Total 10
MLS Area Livingston County - 40
Lot Size Units Acres
Lot Size Square Feet 12632.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 7061.0
Lease Renewal Y/N N
MLS Area Minor Livingston County - 40
Additional Parcels Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/wmlar/26002193
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 169310
Legal Description SEC. 10 T2N R5E GLEN ECHO LOTS 46 AND 47
Senior Community None
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Interior
Basement Full Michigan Basement
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features Common Area In Basement Laundry Room
Total Baths 0
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Exterior
Parking Features Driveway Gravel Paved
Lot Features Corner Lot
Total Parking 15.0
Lot Size Area 0.29
Number of Buildings 1
Spa N
Lot Dimensions 104x40
Lot Size Acres 0.29
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
All Sports True
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Internal Only
Street Number 1 5645
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* Excluded Features
List By
United Realty Services

Broker

ryannb.realtor@gmail.com

Email

Affordability Calculator

$6,745
Per Month
91%
9%
0%
Monthly Principal & Interest
$6,156
Monthly Property Taxes
$588
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2552585 Elementary School
2552586 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/27/2026$975,000 Listed Price

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5645 E Grand River Avenue, Howell, MI, 48843 is a Multi-Family Home for sale at $975,000 with a lot size of 0.29. 5645 E Grand River Avenue is a studio with 0.0 baths and was built in 1950. The property's zip code is 48843 which is in Howell, MI

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