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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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5645 E Grand River Ave , Howell, MI 48843
$975,000
Est. Payment: $2,166.67/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 195
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hh11859 - h19929
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Ryann Brier , 734-210-8543 United Realty Services , 616-965-2304.

Property Type

Multi-Family
Lot/Acreage
0.29

HOA Fee

Year Built

1950

County

Livingston

Area

Livingston County - 40

 School District

Howell

Listing ID

26002193

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Basement:Full,Michigan Basement

Exterior Features

Lot:Corner Lot,Lake
Garage Capacity:15
Roof:Composition,Rubber
Parking Features:Driveway,Gravel,Paved
Principal Interest
$2,167
Taxes
$588
HOA
$0

Home Price

$975,000

Loan Details

30 yrs
%

Down Payment

20%
$195,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,166.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,166.67 $588.42 $0.00 $2,755.08
Yearly $26,000.00 $7,061.00 $0.00 $33,061.00
Total $780,000.00 $211,830.00 $0.00 $991,830.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Howell, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.