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Jim Blehm

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

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424 Huron St , South Haven, MI 49090
$1,124,000
Est. Payment: $2,497.78/mo
6 Bed
6 Bath
3200 Sqft
Status: Active | Days on site: 90
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House Description

Here is your opportunity to own the historic Asylum Inn, a turnkey investment property ideally located within the city's walkable downtown district. Currently operating as a short and mid-term rental, this unique property includes three approved and transferable STR licenses. The property features three fully furnished units, with furnishings and contents available to convey, allowing the next owner to continue operations immediately. Designed for efficient management and guest convenience, the building is equipped with Yale smart locks at the main entrance and each unit, Arlo security cameras, separate electric meters, independent mechanical systems, and individual high-speed internet and Wi-Fi. The full basement has a private entrance with its below grade walk-out. Your future guests will be able to utilize the two sets of washers and dryers, a private secure storage area for supplies, additional storage space, and existing plumbing for a future half bath. These features create added convenience for an owner while supporting streamlined property operations. Guest amenities include on-site parking, and a City parking lot conveniently located directly across the street. Adjacent to the property is a spacious private outdoor gathering area complete with a 40' x 20' pavilion and gazebo, both equipped with electrical service. This inviting outdoor space is ideal for grilling, yard games, entertaining, or simply relaxing after a day at the beach. Don't miss your opportunity to own a historic piece of South Haven. With its prime downtown location, an established rental operation, approved STR licenses, and a fully turnkey setup, The Asylum Inn is a truly unique investment opportunity.

Highlights

Listed by Maeda Van Tifflin , 269-312-1414 Mitten Shores Real Estate, LLC , 269-301-0100.

Property Type

Residential

Lot/Acreage
0.23

Year Built

1901

County

Van Buren

School District

South Haven

Listing ID

26028467

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:6
  • Full Bathrooms:4
  • 1/2 Bathrooms:2
Appliances:Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Air Cond:Central Air
Fireplaces:
Floor:Carpet,Laminate,Vinyl,Wood
Basement:Full
Other:
  • Additional:Ceiling Fan(s), Master on Main
Water:Public

Exterior Features

Lot:Level,Sidewalk
Roof:Composition
Sewer:Public
Principal Interest
$2,498
Taxes
$2,480

Home Price

$1,124,000

Loan Details

30 yrs
%

Down Payment

20%
$224,800
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:
$2,497.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,497.78 $2,480.03 $0.00 $4,977.81
Yearly $29,973.33 $29,760.34 $0.00 $59,733.67
Total $899,200.00 $892,810.20 $0.00 $1,792,010.20

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 (South 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.