REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jaxon Evans

jaxone@c21metrobrokers.com +1(810) 333-5096

$539,900

400 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Rent

Square Footage 400 sqft

Subdivision Bayside Add

MLS Listing ID 78080073186

Style Victorian

Year Built 1895

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type MultiFamily

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.

Location

State MI

County Grand Traverse

Area Area28042Traversecity

Rooms

Basement Daylight, Exterior Entry, Full, Other, Partially Finished

Interior

Interior Features WalkInClosets

Heating Forced Air, Natural Gas

Cooling Exhaust Fan

Flooring Hardwood

Fireplace No

Exterior

View Y/N No

Building

Foundation Basement

Sewer Public Sewer

Water Public

Architectural Style Victorian

New Construction No

Schools

School District Traverse City

Others

Acceptable Financing Cash, Trade1031Exchange

Listing Terms Cash, Trade1031Exchange

Special Listing Condition Standard

Pets Allowed Yes

Virtual Tour https://leelanau-life-llc.aryeo.com/sites/1055-e-front-st-traverse-city-mi-49686-28351386/branded

Read Less Info

Listed by Erica S Foerster of REO-TCFront-233021

Nearby Locations

GET MORE INFORMATION

Jaxon Evans

+1(810) 333-5096

Agent License ID: 452892

1055 E Front ST Traverse City, MI 49686

Jaxon Evans

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

GET MORE INFORMATION