About This Home
This 6-bedroom, 3-bathroom residential multi family at 316 Huron Street in Traverse City, MI is listed for $550,000 ($209 per sqft). Built in 1937, the home offers 2,636 sqft of living space on a 0.34 acres lot.
Key Features
- Built in 1937
- 0.34 acre lot
- 2 stories
Property Details
Excellent Investment Opportunity at the Base of Old Mission Peninsula! This well-maintained duplex offers outstanding income potential with a proven rental history and current gross rental income of $4,790 per month. The property features three income-producing units, providing flexibility for investors or those seeking an owner-occupied opportunity.
The duplex can also be converted back to a single-family home. Unit A (Main Level) offers 3 bedrooms, 1 bath, and an attached two-car garage. Unit B (Upper Level) features 2 bedrooms, 1 bath, in-unit laundry, and a private deck. A separate, non-conforming Cottage (Unit C) includes 1 bedroom and 1 bath, creating an additional income stream.
Ideally located in one of Traverse City's most desirable in-town neighborhoods at the base of Old Mission Peninsula, the property is just two blocks from East Bay Beach, with convenient access to Northern Michigan College, Eastern Elementary, Central High School, downtown Traverse City, shopping, restaurants, beaches, and the TART Trail. Whether you're looking to expand your investment portfolio or convert the duplex back to a single-family home, this is an exceptional opportunity in a highly sought-after location.
Monthly Cost Estimate
$2,942/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
316 Huron Street
Traverse City, MI 49686
Features & Amenities
Interior Features
Property Details
Construction
Appliances
Questions & Answers
This 6-bedroom, 3-bathroom residential multi family at 316 Huron Street is listed at $550,000 ($209/sqft). The estimated monthly payment is $2,941 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1937, 0.34 acre lot, 2 stories. Interior Features: Foyer Entrance, Mud Room, Drywall.
This property is listed by Jennifer Gaston and can be reached at (231) 941-5600.