Updated 5-Unit Multifamily
308 Franklin St Grand Haven, MI 49417
For Sale
$895,000
Turnkey 5-unit building with multiple recent capital improvements and dedicated parking in a walkable downtown setting.
Days on Market51
Property Features for 308 Franklin St
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1908
Listing Agency:
Coldwell Banker Woodland Schmidt Grand Haven
(231) 206-3513
Listed By:
Brian David Klingel · License #6501319991
(231) 206-3513
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 5:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Woodland Schmidt Grand Haven
Investment Insights
Based on property information with market context.
This well-maintained 5-unit multifamily property features updates across the units, including fresh paint, updated light fixtures, new flooring, and updated appliances, creating a move-in-ready living experience. Recent capital improvements include 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. A detached garage provides two covered parking spaces, and the property also offers a total of 7 dedicated parking spaces. The sale includes furnishings currently within Unit #5.
Located in downtown Grand Haven, the property sits along the city’s renowned parade route and is just moments from the waterfront, shopping, dining, restaurants, and year-round community events. With a walk score of 82 (very walkable) and a bike score of 69 (bikeable), the setting supports a strong live-work lifestyle for residents.
For investors or owner-operators seeking a manageable, turnkey residential income asset, the combination of unit updates and substantial building-level improvements is designed to reduce near-term maintenance concerns. Unit #5 is noted as commanding a premium rental rate compared to the other units; contact the office for current rental income information, operating expenses, and Unit #5 details.
Located in downtown Grand Haven, the property sits along the city’s renowned parade route and is just moments from the waterfront, shopping, dining, restaurants, and year-round community events. With a walk score of 82 (very walkable) and a bike score of 69 (bikeable), the setting supports a strong live-work lifestyle for residents.
For investors or owner-operators seeking a manageable, turnkey residential income asset, the combination of unit updates and substantial building-level improvements is designed to reduce near-term maintenance concerns. Unit #5 is noted as commanding a premium rental rate compared to the other units; contact the office for current rental income information, operating expenses, and Unit #5 details.
Key Highlights
- 5‑unit multifamily building built in 1908 in downtown Grand Haven
- Recent upgrades include a roof about 5 years ago, replacement windows, and new furnace
- Unit #1 bay area has Anderson 800 Series windows; five mini‑split systems and updated air conditioning components
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Turnkey 5-unit building with multiple recent capital improvements and dedicated parking in a walkable downtown setting.
Where is this apartment building located?
The property is located at 308 Franklin St Grand Haven, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5‑unit multifamily building built in 1908 in downtown Grand Haven; Recent upgrades include a roof about 5 years ago, replacement windows, and new furnace; Unit #1 bay area has Anderson 800 Series windows; five mini‑split systems and updated air conditioning components