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

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.