5645 Grand River Avenue, Genoa Twp, Michigan 48843
$975,000
Property Details
- MLS#: 71026002193
- Bedrooms: N/A
- Bathrooms: N/A
- Square Feet: N/A
- Lot Size: 0.29 acres
- Year Built: 1950
- Property Type: ResidentialIncome
- Status: Active
- Days on Market: 189
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.
Location
This property is located in Genoa Twp, Michigan. Genoa Twp is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.
Frequently Asked Questions
What is the price of 5645 Grand River Avenue?
5645 Grand River Avenue is listed at $975,000.
How many bedrooms does 5645 Grand River Avenue have?
This property has N/A bedrooms and 0 bathrooms.
Schedule a Showing
Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.
Phone: (313) 466-2430
Email: info@sonicrealty.com
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