5645 E Grand River Ave, Howell, MI 48843
10-Unit, 10% Cap | 100% Occupied | $11,300+ Monthly Income | Value-Add Upside
Marketing description
Fully occupied 10-unit multifamily producing $11,300+ per month in gross income with a stable tenant base and room to increase rents + add coin laundry.
!!LEASE OPTION AVAILABLE!!
The rent roll includes 4 long-term Section 8 tenants, providing a reliable income component alongside market-rate units.
Additional income upside: the basement is already set up for coin laundry, offering the ability to add a coin-operated laundry system for extra monthly revenue.
This is a strong fit for investors seeking in-place cash flow with the ability to improve returns through gradual rent increases over time.
DD package available upon request (T-12, expenses, leases, photos).
Do not disturb tenants. Showings by appointment only.
Investment highlights
10 units | 100% occupied
Lease option available
$11,300+ monthly gross income
4 long-term Section 8 tenants
Rent growth upside across units
Basement already set up for coin laundry (additional income opportunity)
Stabilized cash flow / strong in-place performance
DD available: T-12, expenses, leases, photos
Showings by appointment only | Do not disturb tenants
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