USAMITraverse CityBayside Add.1055 E Front St

1055 E Front St, Traverse City, MI

House

For Sale

Listed price in listed location currency (USD).

$539,900

040

MLS® 1950164

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 3138 sqft

Garage

Taxes

Days Active 0

Lot Size 0.19 Acres

Approx. Age 1895

Avg. Price Per Sqft $172

MLS® Number 1950164

Property Address: 1055 E Front St, Traverse City, MI, 49686-2789

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number1950164

Laundry Level

Central VacNo

FireplaceYes

Acreage

Exterior

Garage

Approx. Age1895

BasementFull, Finished Rooms, Exterior Entry, Egress Windows

DrivewayAlley Access, None

Garage Spaces

HeatForced Air, Natural Gas

A/C

Extras

Map

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