10-Unit Apartment
5645 E Grand River Ave, Howell, MI 48843
For Sale
$889,900
The fully leased property combines studio and one-bedroom apartments with coin-operated laundry.
Property SizeContact for details
Days on Market9
Property Features for 5645 E Grand River Ave
General Information
Standard status
Property subtype
Occupancy
Net Operating Income
Financials
Cap Rate
Gross Income
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
coin-operated laundry
Building Details
Year Built
Units
Listing Agency:
United Realty Services
Listed By:
Ryann Brier
(734) 210-8543
Source:
Elliman
Added: Nov 1
Changed: Nov 3
Last Checked: Nov 8 at 7:08AM
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
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Investment Insights
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This 10-unit apartment building contains three studios and seven one-bedroom, one-bath units. All units are occupied, with a rent roll that includes residents receiving Section 8 or state-paid housing assistance as well as conventional month-to-month tenants. A new roof and tankless water heater are in place, and the property also has coin-operated laundry. The building was constructed in 1950.
Located at 5645 E Grand River Ave in Genoa Township, Michigan, the property has a Bike Score of 28 and a Walk Score of 17. The address is listed in the 48843 ZIP code.
Located at 5645 E Grand River Ave in Genoa Township, Michigan, the property has a Bike Score of 28 and a Walk Score of 17. The address is listed in the 48843 ZIP code.
Key Highlights
- 10 apartment units: 3 studios and 7 one‑bedroom, one‑bath units
- 100% occupied with month‑to‑month tenants and residents receiving Section 8 or state‑paid housing assistance
- New roof and tankless water heater
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Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The fully leased property combines studio and one-bedroom apartments with coin-operated laundry.
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 $889,900.
What are key features of this property?
This property features: 10 apartment units: 3 studios and 7 one‑bedroom, one‑bath units; 100% occupied with month‑to‑month tenants and residents receiving Section 8 or state‑paid housing assistance; New roof and tankless water heater
