$975,000
Howell, MI 48843
MLS# 26002193
1 / 13
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.
Details
Maps
Documents
Location & Property Info
Cross Streets: Latson Rd & E Grand River Ave
Property Sub-Type: 5+ Units
Area: Livingston County - 40
Municipality: Genoa Twp
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 104x40
Financial Available: Yes
Road Frontage: 140
Cert of Compliance: Yes
Waterfront: No
Body of Water: Lake Chemung
Basement: Yes
Total # Units: 10
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 15
Statewide Lakes & Rivers: Lake Chemung
School District: Howell
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 12632
Lot Acres: 0.29
Year Built: 1950
Tax Info
Taxable Value: 169310
SEV: 222200
For Tax Year: 2025
Seller's Annual Property Tax: 7061
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None
Tax ID #: 11-10-301-046
Remarks & Misc
Public Remarks: 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.
Legal: SEC. 10 T2N, R5E, GLEN ECHO LOTS 46 AND 47
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 0
Water Type
Lake: 1
Water Fea. Amenities
All Sports: 1
Deeded Access: 1
Lot Description
Corner Lot: 1
Income and Expenses
Gross Op. Inc.: 135600
Net Operating Income: 100600
Operating Expense: 35100
Street Type
Paved: 1
Public: 1
Util Avail at Street
High Speed Internet: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Lease Purchase: 1
Laundry Features
Common Area: 1
In Basement: 1
Laundry Room: 1
Assoc. Amenities
Laundry: 1
Exterior Material
Vinyl Siding: 1
Wood Siding: 1
Roofing
Composition: 1
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Gravel: 1
Paved: 1
Substructure
Full: 1
Michigan Basement: 1
Extras
Carports: 1
Tenant Storage: 1
Owner Pays
Electricity: 1
Gas: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: 1
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 2
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 3
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 4
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: 5 - Studio
Bathrooms: 1
Full Baths: 1
Unit 6
Unit Description: 6
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 7
Unit Description: 7
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 8
Unit Description: 8
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 9
Unit Description: 9 - studio
Bathrooms: 1
Full Baths: 1
Unit 10
Unit Description: 10 - studio
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Livingston
Street #: 5645
Street Direction: E
Street Name: Grand River
Suffix: Avenue
State: MI
Zip Code: 48843
Zip (4): 9196
OfficeContract Info
Status: Active
Current Price: $975,000
List Price: $975,000
Listing Date: 2026-01-19
Property Features
Laundry Features: Common Area; In Basement; Laundry Room
Water Type: Lake
Exterior Material: Vinyl Siding; Wood Siding
Roofing: Composition; Rubber
Substructure: Full; Michigan Basement
Lot Description: Corner Lot
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: High Speed Internet
Extras: Carports; Tenant Storage
Owner Pays: Electricity; Gas; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Gravel; Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional; Lease Purchase
Possession: Close Of Escrow
Sale Conditions: None
Package Overview 
Listing Office: United Realty Services
Listing Agent: Ryann Brier
Last Updated: July - 27 - 2026
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