5645 E Grand River AVE, Genoa Twp, MI 48843
5645 E Grand River AVE, Genoa Twp, MI 48843
5645 E Grand River AVE, Genoa Twp, MI 48843
12
See all 12 photos
$889,900
Est. payment /mo
Save Virtual Tour
1 Acres Lot
New

5645 E Grand River AVE Genoa Twp, MI 48843

Save Virtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jon Tukaj

Jon Tukaj

+1(248) 579-7982

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

MLS Listing ID 71026057768

Year Built 1950

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type MultiFamily

Property Description

NEW ROOF + TANKLESS WATER HEATER: Turnkey 10-unit multifamily investment property -- fully occupied, cash-flowing, and priced to move at an 11.68% cap rate. This stabilized apartment building in Howell, MI delivers $136,392 in gross scheduled rental income ($11,366/month) and $103,897 in net operating income (NOI), making it an exceptional value-add alternative for the 1031 exchange buyer or passive income investor seeking a low-maintenance, income-producing asset. Unit mix: 3 studio units + 7 one-bedroom/one-bath units -- a diversified, in-demand mix that appeals to a broad tenant base and supports strong occupancy. 100% occupied with a stable, diversified rent roll: a mix of Section 8 / state-paid housing assistance tenants and conventional month-to-month tenants, providing reliable, partially government-backed cash flow with built-in rent stability.Efficiently managed, turnkey operation ??? a new roof and new tankless water heater mean major capex is already handled, minimizing deferred maintenance and near-term capital expenditures for the next owner. Coin-operated laundry adds approximately $30/month in supplemental ancillary income, with room to expand this revenue stream. Month-to-month leases offer the incoming owner flexibility to reposition rents or hold for steady in-place cash flow. Ideal for the buy-and-hold investor, apartment investor, or multifamily portfolio builder looking for immediate returns with minimal management burden. Financials, rent roll, and unit-by-unit breakdown available to qualified buyers upon request. Schedule your showing today!

Location

State MI

County Livingston

Area Area01111Genoatwp

Rooms

Basement Full

Interior

Interior Features Storage

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Laundry CommonArea, InBasement, LaundryRoom

Exterior

Parking Features Gravel, Paved, Carport

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected

Waterfront Description AllSportsLake, Lake, WaterAccessRights

View Y/N No

Roof Type Composition, Rubber

Building

Lot Description CornerLot

Foundation MichiganBasement

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Howell

Others

Acceptable Financing Cash, Conventional, Trade1031Exchange

Listing Terms Cash, Conventional, Trade1031Exchange

Virtual Tour https://www.propertypanorama.com/instaview/wmlar/26057768

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Ryann Brier of United Realty Services

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Jon Tukaj

Jon Tukaj

Agent License ID: 6501445288

+1(248) 579-7982

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Jon Tukaj, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

5645 E Grand River AVE