Howell, MI 48843
MLS# 26057768
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.
Listed by Ryann Brier · United Realty Services
Estimate only — principal & interest, no taxes or insurance. Rates change daily; confirm with your lender.
$4,500/mo
$177,980 down · $711,920 financed
Loading similar listings…
Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.
77 photosActive4333 Cedar Lake Road, Howell, MI 48843
Howell, MI 48843
4 bd · 4 ba · 3,782 sqft
57 photosActive4570 Stillmeadow Drive, Howell, MI 48843
Howell, MI 48843
4 bd · 4 ba · 2,530 sqft
28 photosActiveMOH 124 GAMBREL LANE Drive, Howell, MI 48843
Howell, MI 48843
4 bd · 4 ba · 3,037 sqft