1055 E Front Street, Traverse City
Driving Directions$539,900
(415 ) 254-1622
info@manitou-life.com
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Listing is courtesy of REO-TCFront-233021
231-947-9800
MLS: #1950164
- Number of Units: 4
- Square Feet: 3,138
- Acres: 0.19
- School District: Traverse City Area Public Schools
- Township: Traverse City
- County: Grand Traverse
- Property Type: True
- Garage: Alley Access, None
- Appliances: Refrigerator, Oven/Range, Microwave, Washer, Dryer, Exhaust Fan
- Extras: Walk-In Closet(s), Entrance Foyer, Mud Room, Cable TV, High Speed Internet
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.
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