Building Details

Year Built 1950

Units 10

Listing Agency: United Realty Services r***@gmail.com Show Phone

Listed By: Ryann Brier Show Phone

Source: Phgrealty

Added: Jan 19 Changed: Aug 20 Last Checked: Aug 20 at 2:39PM

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Investment Insights

Based on property information with market context.

This 10-unit apartment building, constructed in 1950, includes coin-operated laundry and has undergone several major system updates. Improvements include a new roof completed in 2026, new AC throughout the building, and a tankless water heater. The property is described as well maintained and turnkey, with four long-term Section 8 tenants among the occupancy.

Situated at 5645 E Grand River Avenue in Genoa Township, Michigan, the property has an owner-reported 11% cap rate. The tenant profile includes government-backed Section 8 income, while the remaining tenancy is described as stable. The asset is offered as a multifamily investment with established operations and recent capital improvements.

Key Highlights

• 10‑unit multifamily property with coin‑operated laundry
• New roof completed in 2026
• New AC installed throughout the building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Garden Center Building Supply (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10

Residential units

Location Intelligence

Trade Area within ½ mile

839

Businesses Nearby

Explore this area Business Placement

Demographics for 48843, MI

47,704

Population

19,001

Households

2.5

Avg Household Size

41

Median Age

37%

College-Educated

95%

High-School Grad

89.6 sq mi

ZIP Area

532

Density / Sq Mi

$91,620

Median Household Income

$48,613

Median Earnings

$1,221

Median Rent

$323,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Turnkey multifamily property with coin-operated laundry, updated building systems, and a stable tenant base.

Where is this apartment building located?

The property is located at 5645 E Grand River Avenue Genoa Township, MI.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: 10‑unit multifamily property with coin‑operated laundry; New roof completed in 2026; New AC installed throughout the building