200 Franklin Ave Grand Haven, MI 49417
This exceptional Grand Haven investment opportunity presents two beautifully updated buildings, totaling nine unique suites. Boasting a combined five and four bedrooms respectively, each suite offers a private entrance, kitchen, bathroom, living space, and hardwood floors. The meticulously renovated interiors combine comfort and style, creating an elegant and private atmosphere ideal for short-term or long-term rentals. One building features a charming, wood-cabin aesthetic, while the other exudes sophisticated elegance. The property sits on a 0.2-acre lot and includes nine parking spaces. The property's prime location in the heart of Grand Haven offers easy access to Lake Michigan and all the Lakeshore amenities. Previously featured in prominent publications such as Everyday with Rachel Ray, Midwest Living's Best of the Midwest, and Lake Magazine, this turnkey operation includes a short-term rental certificate and presents the potential for additional income through a possible basement office space. The asking price is $1,950,000. This is a rare chance to acquire a highly profitable and established rental property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.