1055 E Front Street, Traverse City, MI 49686
- $539,900
- 4
- BA
- 3,138
- SqFt
- List Price
- $539,900
- Days on Market
- 7
- Status
- ACTIVE
- MLS#
- 1950164
- Bathrooms
- 4
- Living Area
- 3,138
- Lot Size (Acres)
- 0.19
- Style
- Victorian
- Year Built
- 1895
Property Description
Turnkey Four-Unit Investment Set on a rare double lot (.19 acres) just off East Front Street's downtown-to-bay corridor, this four-unit property offers a strong income stream in one of Traverse City's most walkable, in-demand locations. Mature trees give the property a shaded, established feel just minutes from downtown shops, restaurants, and the East Bay waterfront. Three of the four units are currently leased, generating $3,425/month in combined rent; Unit 2 is available and listed at $1,750/month. Units 2 and 4 have been most recently updated, and Unit 3 includes its own washer and dryer. Each unit offers a private entryway and an efficient layout that appeals to a steady renter pool. This walk-everywhere location has a track record of long-term tenants. On-site parking for tenants is located in the rear of the building, off the alley. This is a compelling opportunity for an investor to step into immediate cash flow while retaining long-term upside through lease renewals and light updates.
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Additional Information
- Building Name
- Bayside Add
- Stories
- 2
- Interior Features
- Walk-In Closet(s), Entrance Foyer, Mud Room, Cable TV, High Speed Internet
- Amenities
- None
- Flooring
- Hardwood
- Exterior Features
- None
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Sewer
- Public Sewer
- School District
- Traverse City Area Public Schools
- Elementary School
- Eastern Elementary School
- Middle School
- Traverse City East Middle School
- High School
- Central High School
Mortgage Calculator
Listing Courtesy of REO-TCFront-233021. 231-947-9800