308 Franklin Street, Grand Haven, MI 49417
- $895,000
- List Price
- $895,000
- Price Change
- ▼ $100,000 1783019602
- Days on Market
- 56
- MLS#
- 26026763
- Status
- ACTIVE
- Type
- Multifamily
Property Description
Exceptional investment opportunity in the heart of downtown Grand Haven! This well-maintained 5-unit multifamily property is ideally situated along the city's renowned parade route and just moments from the waterfront, shopping, dining, restaurants, and year-round community events. Each unit has been thoughtfully updated with fresh paint, updated light fixtures, new flooring, and updated appliances, creating an attractive and move-in-ready living experience for tenants. Significant capital improvements have been completed throughout ownership, including a new roof approximately five years ago, a newly constructed front porch with new roof, Anderson 800 Series windows in the bay area of Unit #1, replacement windows throughout the property, a new furnace, five mini-split systems, updated air conditioning components, underground sprinkling, and a new composite side deck. The detached garage provides two covered parking spaces, while the property offers a total of 7 dedicated parking spaces, an invaluable amenity in downtown Grand Haven. The sale includes furnishings currently within unit 5, providing additional value and convenience for the next owner. Unit #5 commands a premium rental rate compared to the other units. Contact our office for current rental income information, Unit #5 rental details, operating expenses, and additional property information. Whether you're looking to expand your investment portfolio or acquire a turnkey income-producing asset in one of West Michigan's most desirable lakeshore communities, this is an opportunity you won't want to miss.
Additional Information
- Owner Pays
- Electricity, Gas, Sewer, Trash Collection, Water
- Taxes
- $10,362
- Acres
- 0.20
- Basement
- Partial
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Haven
- Sewer
- Public Sewer
- Tenant Pays
- None
- Total Parking Spaces
- 5
- Utilities
- Cable Connected, Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer
- Water
- Public Water
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Listing courtesy of Listing Agent: Brian David Klingel from Listing Office: Coldwell Banker Woodland Schmidt Grand Haven.
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