Unlock instant income potential with this rare opportunity to $799,000

Lot For Sale near Grand Traverse Bay - West Arm

Unlock instant income potential with this rare opportunity to own two full-sized homes on one lot in the heart of Traverse City. Whether you're looking for a house hack, owner-occupied rental, or a solid addition to your investment portfolio, this property delivers. The front home, built in 1949, has been well maintained and retains its original charm with hardwood floors, a fireplace framed by floor-to-ceiling built-ins, and a large bay window that fills the home with natural light. Recent updates include a new furnace and water heater, offering peace of mind for the next owner. The back residence, known as the Carriage House, has been recently renovated and features 2 bedrooms, 2 bathrooms, its own washer and dryer, and a private 2-car garage. A reliable tenant is already in place, providing immediate rental income. Each home offers a private backyard and garage, making the property attractive for both investors and tenants. Despite its central location, the property benefits from an impressive soundproofing wall that creates privacy and quiet. Situated within walking or biking distance of downtown restaurants, shops, and the beach, this is a rare chance to own a multi-family property with built-in income and unmatched location.