MLS # 26028467 (Michigan Regional Information Center (MichRIC))

Here is your opportunity to own the historic Asylum Inn, a turnkey investment property ideally located within the city's walkable downtown district. Currently operating as a short and mid-term rental, this unique property includes three approved and transferable STR licenses. The property features three fully furnished units, with furnishings and contents available to convey, allowing the next owner to continue operations immediately. Designed for efficient management and guest convenience, the building is equipped with Yale smart locks at the main entrance and each unit, Arlo security cameras, separate electric meters, independent mechanical systems, and individual high-speed internet and Wi-Fi. The full basement has a private entrance with its below grade walk-out. Your future guests will be able to utilize the two sets of washers and dryers, a private secure storage area for supplies, additional storage space, and existing plumbing for a future half bath.
Source: SparkMLS
This 6-bedroom, 6-bath home built in 1901 sits in South Haven in South Haven.
Listed at $1,199,900.
Annual property taxes run approximately $14,889 ($1,241/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by City of South Haven; natural gas by Michigan Gas Utilities Corporation.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
A26A 3-1-17 750-40 853-756,757 1064-366 1343-507 1506-36 1566-477 1582-478 1587-654 1623-631 *** LOTS 3 & 4. BLOCK 3 ORIGINAL PLAT OF SOUTH HAVEN *** COMBINATION OF 80-53-003-003-00 AND 80-53-003-004-00 ON 1 APRIL 2014 FOR 2015.
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Maeda Van Tifflin
Mitten Shores Real Estate, LLC
Municipality: City of South Haven
School district: SOUTH HAVEN PUBLIC SCHOOLS
County: Van Buren
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
City of South Haven
Municipal
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
424 Huron Street, South Haven, MI 49090
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Municipality
South Haven
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