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Stacy Allman

stacy@mipropertiesnorth.com +1(231) 944-5296

Listed by REO-TCFront-233021

$ 539,900

Est. payment | -/mo

4 Baths

3,138 SqFt

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$ 539,900

Est. payment | -/mo

Save Virtual Tour

4 Baths

3,138 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,138 sqft

Price per Sqft $172

MLS Listing ID 1950164

Style Victorian

Year Built 1895

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type Multi Family

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

Rooms

Basement Full, Finished Rooms, Exterior Entry, Egress Windows

Interior

Interior Features Walk-In Closet(s), Entrance Foyer, Mud Room, Cable TV, High Speed Internet

Heating Forced Air, Natural Gas

Flooring Hardwood

Fireplaces Type None

Fireplace false

Appliance Refrigerator, Oven/Range, Microwave, Washer, Dryer, Exhaust Fan

Exterior

Exterior Feature None

Community Features None

Waterfront Description Public

Roof Type Asphalt

Garage false

Building

Story Two

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Victorian

Schools

Elementary Schools Eastern Elementary School

Middle Schools Traverse City East Middle School

High Schools Central High School

Others

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Stacy Allman

Broker/Owner Lic# 6502433438

stacy@mipropertiesnorth.com

+1(231) 944-5296

108 E Main St Kinglsey MI 49649

1055 E Front Street Traverse City, MI 49686

Stacy Allman

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby Locations

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1055 E Front Street