$ 539,900
-
$539,900
Price -
0
Bed -
0
Bath -
400
SqFt
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About the Listing 61093 - NGL-T398185,NGL-T454565
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: Dryer, Microwave, Range/Oven, Refrigerator, Washer
- Air Cond: Exhaust Fan
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 400
- Below Ground Sq Ft: n/a
- Basement: Egress/Daylight Windows,Full,Outside Entrance,Partially Finished
- Other: Hardwood Floors,Walk-In Closet,Window Treatment(s)
- Water: Public Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50X165X49X162
- Zoning: Commercial
- Roof:
- Others:
- Sewer: Public Sanitary
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1055 E Front Traverse City, MI 49686
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