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1055 E Front Street

$539,900
1055 E Front Street, Traverse City, MI 49686
1055 E Front Street

1055 E Front Street

$539,900

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.
Erica Foerster
Erica Foerster Contact

Features & Amenities

Interior

Total Bathrooms 4
Laundry Room Laundry Hook-up
Flooring Hardwood
Fireplace None
Appliances Refrigerator, Oven/Range, Microwave, Washer, Dryer, Exhaust Fan
Other Interior Features Walk-In Closet(s), Entrance Foyer, Mud Room, Cable TV, High Speed Internet

Exterior

Stories 2
Water Source Public
ROOF Asphalt
Parking Alley Access, None
Heat type Forced Air, Natural Gas
Sewer Public Sewer
Substructure Other
Disability Features None
Security Features Smoke Detector(s)
Other Exterior Features None

Area & Lot

Status For Sale
LIVING SPACE 3,138 Sq.Ft.
LOT SIZE 8,276.4 Sq.Ft.
MLS® ID 1950164
Type Multi-Family
Year Built 1895
Neighborhood Traverse City/Grand Traverse
Architecture Styles Victorian
Water Frontage Near PubAccess w/in 500
ELEMENTARY SCHOOL Eastern Elementary School
MIDDLE SCHOOL Traverse City East Middle School
HIGH SCHOOL Central High School
School District Traverse City Area Public Schools

Financial

SALES PRICE $539,900
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Traverse City/Grand Traverse

Traverse City/Grand Traverse

Here is downtown Traverse City the "Hub" of NW Michigan

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