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Property profile & analytics

12 Washington Ave, Unit 1 Grand Haven, MI 49417-3325

  • Commercial real estate
  • 1,588 SF
  • 0.13 lot acres
OFF-MARKET
Last Sale
Nov 16, 2021
$600,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-2106989
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Evenbound / Advertising Agency / Marketing & Advertising
  • Northwestern Mutual / Financial Advisor
  • Guinan Bisonet, PLLC / Law Firm
  • Independent Mortgage Co / Loan Service / Bank
  • Northwestern Mutual - Ryan J. Goldman / Financial Advisor

Property Details for 12 Washington Ave

Year built
2005
Lot size
0.13 lot acres
Property size
1,588 SF
Property type
Commercial real estate
APN
70-03-20-413-001
APU
700320413001

Description

This exceptional 1-unit, multifamily investment opportunity in Grand Haven, Michigan, presents a turnkey single-family rental portfolio. The 1,200 square foot condo, built in 2006, boasts a prime location on Washington Ave, offering stunning waterfront views. The spacious unit features two bedrooms, two full bathrooms, 14-foot ceilings, exposed brick, and a modern kitchen with an eat-in dining area. A large French door leads to a private deck overlooking the channel and Dewey Hill. Residents also enjoy access to a shared rooftop deck with breathtaking views of the Grand Haven harbor, perfect for entertaining. The property includes one parking space and is zoned 407 - RESIDENTIAL CONDO. Currently operating as a short-term rental with a certificate included in the sale, the property comes fully furnished and has a history of repeat renters. The sale includes existing bookings for 2024. With a Net Operating Income (NOI) of $38,000 and an asking price of $699,900, this investment is ideal for a 1031 exchange. This is a rare opportunity to own a piece of Grand Haven's vibrant waterfront, a highly sought-after tourist destination. The property's location on the main street of this beach town ensures high occupancy rates and strong rental income.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Grand Haven
County
Ottawa
State
Michigan
Longitude
-86.2337
Latitude
43.0645
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,025
$0.00
$0.00
$184,100
-
$0.00
$0.00
$368,200
More about this property
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