5645 E Grand River Ave, Genoa Township, MI 48843
- $975,000
- List Price
- $975,000
- MLS#
- 71026002193
- Status
- ACTIVE
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.
Additional Information
- Site Description
- Corner Lot
- Year Built
- 1950
- Basement Type
- Full
- Acres
- 0.29
- Acres
- 0.29
- School District
- Howell
- Interior Features
- Storage
- Cooling
- Central Air
- Heating
- Forced Air, Natural Gas
- Garage Description
- Gravel, Paved, Carport
- Waterfront Description
- Lake, Lake, Water Access Rights
Mortgage Calculator
Courtesy of United Realty Services 6169652304
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