1055 E Front St

Traverse City MI 49686

400 sq. ft.

0.19 ac.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

400 sq. ft. floor area

0.19 ac. lot size

Multi-Family

Property history for 1055 E Front St

2019

Sold

$315,000

16 Jan 2019 by Jason Elsenheimer, of Coldwell Banker Schmidt-402

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