About This Home
This 5-bedroom, 4-bathroom residential multi family at 1055 E Front Street in Traverse City, MI is listed for $539,900 ($172 per sqft). Built in 1895, the home offers 3,138 sqft of living space on a 0.19 acres lot.
Key Features
- Built in 1895
- 0.19 acre lot
- 2 stories
Property Details
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.
Monthly Cost Estimate
$2,887/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1055 E Front Street
Traverse City, MI 49686
Features & Amenities
Interior Features
Property Details
Construction
Appliances
Questions & Answers
This 5-bedroom, 4-bathroom residential multi family at 1055 E Front Street is listed at $539,900 ($172/sqft). The estimated monthly payment is $2,887 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1895, 0.19 acre lot, 2 stories. Interior Features: Walk-In Closets, Hardwood Floors, Laundry Hook-up.
This property is listed by Erica Foerster and can be reached at 2102868954.