10-Unit Multifamily with Coin
New
For Sale
$975,000
5645 E Grand River Ave, Howell, MI 48843
Turnkey 10-unit apartment building with coin laundry, recent roof replacement, and new AC throughout the property.
Days on Market3
Property Features for 5645 E Grand River Ave
General Information
Standard status
Active
Property subtype
Investment
Financials
Cap Rate
11%
Gross Income
$135,600
Additional Details
Multifamily Units
10
Amenities
coin laundry
Building Details
Year Built
1950
Listing Agency:
United Realty Services
(734) 210-8543
Listed By:
Ryann Brier
(734) 210-8543
Source:
Elliman
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Realty Services
Investment Insights
Based on property information with market context.
This turnkey 10-unit apartment building includes coin laundry on site and provides a straightforward multifamily setup for long-term tenants. The property was built in 1950 and includes additional capital improvements aimed at reducing near-term maintenance needs, including a brand new roof in 2026, new AC throughout the whole building, and a new tankless water heater.
The property is located at 5645 E Grand River Ave in Genoa Township, Michigan (Livingston County). The area is described with bikeScore 28 (somewhat bikeable) and walkScore 22 (car-dependent), which can be helpful when evaluating tenant commuting preferences and accessibility.
The current tenant mix includes a stable base of long-term Section 8 tenants, with four tenants identified as Section 8. The property is presented with an 11% cap rate based on the information provided, along with owner-reported operating expenses averaging approximately $1,916 per month.
The property is located at 5645 E Grand River Ave in Genoa Township, Michigan (Livingston County). The area is described with bikeScore 28 (somewhat bikeable) and walkScore 22 (car-dependent), which can be helpful when evaluating tenant commuting preferences and accessibility.
The current tenant mix includes a stable base of long-term Section 8 tenants, with four tenants identified as Section 8. The property is presented with an 11% cap rate based on the information provided, along with owner-reported operating expenses averaging approximately $1,916 per month.
Key Highlights
- 10‑unit apartment building with coin laundry
- Brand new roof installed in 2026
- New AC throughout the whole building
Property Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
775
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Turnkey 10-unit apartment building with coin laundry, recent roof replacement, and new AC throughout the property.
Where is this apartment building located?
The property is located at 5645 E Grand River Ave Howell, 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 apartment building with coin laundry; Brand new roof installed in 2026; New AC throughout the whole building
