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About This Home

This 5-bedroom, 0-bathroom residential multi family at 308 Franklin Street in Grand Haven, MI is listed for $995,000. Built in 1908, on a 0.20 acres lot.

Agent 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 #2, 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.

Key Features

  • Built in 1908
  • 0.20 acre lot
  • 5 parking spaces

Property Details

5 full
5 spaces
1908

Monthly Cost Estimate

$5,321/mo

20% down · 6.5% · 30 years

Principal$720
Interest$4,312
Insurance$290

Estimates only. Actual payments may vary.

Location

308 Franklin Street

Grand Haven, MI 49417

Property Details

Construction

Aluminum Siding

Heating

Forced Air

Questions & Answers

This 5-bedroom, 0-bathroom residential multi family at 308 Franklin Street is listed at $995,000. The estimated monthly payment is $4,312 based on 20% down at 6.5% interest.

Key features include: Built in 1908, 0.20 acre lot, 5 parking spaces.

This property is listed by Brian David Klingel and can be reached at 2312063513 or brian@klingelhomes.com.

BK

Brian David Klingel

Agent at Coldwell Banker Woodland Schmidt Grand Haven

(231) 206-3513

Listed by Coldwell Banker Woodland Schmidt Grand Haven · View on Broker Site

MLS# 26026763· Source: listhub· Updated 1 days ago

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308 Franklin Street, Grand Haven, MI 49417

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