308 Franklin Street, Grand Haven City, MI 49417

Property 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 #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.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.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 7:42AM

Listing Office:

Coldwell Banker Woodland Schmidt Grand Haven : 6168449000

Listing Agent:

Brian David Klingel : 2312063513

MLS ID:

71026026763

Interior

• Laundry: In unit
• Basement: Partial
• Heating: Forced airNatural gas

Exterior

• Parking: GaragePavedParking spaces: 5

Construction

• Roofing: Composition
• General: Aluminum siding

Location

• Originating MLS: West Michigan Lakeshore Association of REALTORS
• School District: Grand haven
• County: Ottawa

Lot

• Zoning: E 1/2 of Lots 273 & 274 Original Plat of Grand Haven.700320476003

Utilities

• Utilities: Cable connectedElectricity connectedNatural gas connectedSewer connected
• Water: Public
• Sewer: Public sewerSewer at streetStorm drain

Financial

• Source: West Michigan Lakeshore Association of REALTORS