5645 E Grand River Ave Howell, MI 48843
Genoa AreaEstimated payment $5,967/month
Highlights
- Lake Front
- Corner Lot
- Forced Air Heating and Cooling System
- Water Access
- Laundry Room
- High Speed Internet
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,061
Year Built
- Built in 1950
Lot Details
- 12,632 Sq Ft Lot
- Lot Dimensions are 104x40
- Lake Front
- Corner Lot
Home Design
- Composition Roof
- Rubber Roof
- Wood Siding
- Vinyl Siding
Basement
- Basement Fills Entire Space Under The House
- Michigan Basement
- Laundry in Basement
Parking
- 15 Parking Spaces
- Gravel Driveway
- Paved Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- High Speed Internet
- Cable TV Available
Additional Features
- Laundry Room
- Water Access
Community Details
Overview
- Property has a Home Owners Association
- 10 Units
Amenities
- Laundry Facilities
Building Details
- Operating Expense $35,100
- Gross Income $135,600
- Net Operating Income $100,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,806 | $222,200 | $0 | $0 |
| 2024 | $5,636 | $215,900 | $0 | $0 |
| 2023 | $5,375 | $156,400 | $0 | $0 |
| 2022 | $4,393 | $116,200 | $0 | $0 |
| 2020 | $4,393 | $117,700 | $0 | $0 |
| 2019 | $4,323 | $116,200 | $0 | $0 |
| 2018 | $4,158 | $95,500 | $0 | $0 |
| 2017 | $4,091 | $95,500 | $0 | $0 |
| 2016 | $3,945 | $92,900 | $0 | $0 |
| 2014 | $7,288 | $94,500 | $0 | $0 |
| 2012 | $7,288 | $101,800 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/03/2026 08/03/26 | For Sale | $975,000 | 0.0% | -- | |
| 08/03/2026 08/03/26 | Off Market | $975,000 | -- | -- | |
| 01/19/2026 01/19/26 | For Sale | $999,900 | +426.3% | -- | |
| 08/03/2016 08/03/16 | Sold | $190,000 | -35.6% | $76 / Sq Ft | View Prior Sale |
| 06/09/2016 06/09/16 | Pending | -- | -- | -- | |
| 06/06/2015 06/06/15 | For Sale | $295,000 | -- | $118 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $599,000 | Liberty Title | |
| Warranty Deed | $235,000 | Cislo Title Company | |
| Deed | $235,000 | Liberty Title | |
| Warranty Deed | $190,000 | Liberty Title | |
| Warranty Deed | $180,000 | Liberty Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $810,000 | New Conventional | |
| Closed | $569,000 | New Conventional | |
| Closed | $449,250 | New Conventional | |
| Previous Owner | $180,128 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $187,500 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $947,890 | Commercial |
Source: MichRIC
MLS Number: 26002193
APN: 11-10-301-046
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
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