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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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308 Franklin St , Grand Haven, MI 49417
$895,000
Est. Payment: $1,988.89/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 29
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House 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.

Highlights

Listed by Brian David Klingel , 231-206-3513 Coldwell Banker Woodland Schmidt Grand Haven , 616-844-9000.

Property Type

Multi-Family

Lot/Acreage
0.2

Year Built

1908

County

Ottawa

School District

Grand Haven

Listing ID

26026763

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Partial

Exterior Features

Lot:Sidewalk
Garage Capacity:5
Roof:Composition
Sewer:Public Sewer
Parking Features:Paved
Principal Interest
$1,989
Taxes
$864

Home Price

$895,000

Loan Details

30 yrs
%

Down Payment

20%
$179,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,988.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,988.89 $863.50 $0.00 $2,852.39
Yearly $23,866.67 $10,362.00 $0.00 $34,228.67
Total $716,000.00 $310,860.00 $0.00 $1,026,860.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Grand Haven, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.