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308 Franklin Street

$895,000
308 Franklin Street, Grand Haven, MI 49417
308 Franklin Street

308 Franklin Street

$895,000

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.

Features & Amenities

Interior

Laundry Room In Unit

Exterior

Utilities Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
ROOF Composition
Lot Features Sidewalk
Parking Paved
Heat type Forced Air
Sewer Public Sewer

Area & Lot

Status For Sale
LOT SIZE 8,712 Sq.Ft.
MLS® ID 26026763
Type Multi-Family
Year Built 1908
Neighborhood Grand Haven
School District Grand Haven

Financial

SALES PRICE $895,000
REAL ESTATE TAXES $10,362/yr
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Thank you for your interest in 308 Franklin Street, Grand Haven, MI 49417. We are reviewing your request and will be in touch shortly!

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