Social HouseReal Estate Group
Photo 1 of 1055 E Front Street, Traverse MI
For Sale

1055 E Front StreetTraverse, MI 49686

$539,900

Listing courtesy of REO-TCFront-233021

400

Sqft

About

This Home

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.

Virtual Tour

Details

Property Type
Residential Income
Style
Multi Family
Year Built
1895
Lot Size
0.19 acres
Heating
Forced Air, Natural Gas
Cooling
Exhaust Fan
Basement
Walk-Out Access, Daylight, Exterior Entry, Full, Other, Partially Finished
MLS #
78080073186

Gallery

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Listing courtesy of REO-TCFront-233021. MLS # 78080073186. Information is deemed reliable but not guaranteed and should be independently verified.

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