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About the Listing 712015282230 - 71172031377311
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 Highlights
Interior Details
- Bedrooms: 7
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement: Michigan Basement
- Other: Laundry Facility,Cable Available,Forced Air
- Water: Public (Municipal)
Exterior Details
- Lot Description: All Sports Lake
- Garage Capacity: N/A
- Parking Spaces: 15
- Lot Dimensions: 104x40
- Roof: Composition,Rubber
- Others: Vinyl,Wood,Paved
- Sewer: Sewer (Sewer-Sanitary)
- Parking Features: Paved
Financial Details
- Tax Amount: $7,061
- Taxes w/Assessments: N/A
- Tax/Property ID: 1110301046
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
5645 E Grand River Ave Genoa Twp, MI 48843
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