706 Forest Avenue
Frankfort, MI 49635

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Description

Renovated duplex in a prime downtown Frankfort location just blocks from Lake Michigan, Betsie Bay, shopping, dining, and the attractions that make this area a strong draw for both year-round residents and visitors. With two separate 2-bedroom, 1-bath apartments, this property offers excellent flexibility for long-term rental income, short-term rental potential, or owner occupancy with added revenue from the second unit. Both units offer updated interiors with neutral finishes, new appliances, dishwashers, washers and dryers, air conditioning, and private entrances. The main floor unit includes a spacious kitchen, living area, and dining space, while the upper unit offers a full kitchen, dining space and comfortable living room. Functional layouts and modern updates help support rental appeal and ease of ownership. A turn-key option exists, making ownership easy! Strong rental history is available, making this a compelling opportunity for investors seeking an income-producing property in one of Northern Michigan's most desirable lake-town markets. (Seller currently has two STR permits with the City of Frankfort -https://www.frankfortmich.com/how_do_i/learn_about/short_term_rentals.php for details or contact the City of Frankfort 231-352-7117)

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active Backup
• County/Area: Benzie County
• Zip Code: 49635
• Year Built: 1920
• School District: Frankfort
• Units: 2 units
• Basement: Partial, Yes, Yes
• # of Parking Spaces: 4
• Lot Size: 7405 sq ft lot
• Construction Materials: Vinyl Siding
• Cooling: Window Unit(s)
• Cross Street: M22
• Directions: Second house on the south side of Forest Ave, just before Seventh St., heading into downtown. Private parking available behind the home off of Anchor Place. Looks for real estate signs.
• Driveway: Gravel
• Heat Source: Electric, Natural Gas
• Heat Type: Baseboard, Hot Water
• Heating: Baseboard, Hot Water
• Laundry Features: In Unit
• Lot Description: Level, Sidewalk
• Lot Features: Level, Sidewalk
• Lot Size Area: 0.17
• Lot Size Square Feet: 7405
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Parcel Number: 51-010-252-00
• Parking Features: Gravel
• Possession: Negotiable, Subject To Tenant Rights
• Road Frontage: 48
• Road Surface Type: Paved
• Roof: Composition
• SEV: 124500
• Sewer: Public Sewer
• Street Type: Paved, Public
• Tax Annual Amount: 1234
• Tax Legal Description: LOT 7 BLK 22 EXC W 2 FT OF N 1/2 TOWN & HARBOR FRANKFORT P.A. 706 FOREST AVENUE 8/78 174/371 QC; 10/81 189/482 MLC; 216/107-109 WD; BP 3/87; 7/92 261/870 QC; 01/67 504/1019 DC; 04/04 504/1018 WD; 03/17 2017R-01186 WD; 08/17 2017R-03305 WD;
• Tax Year: 2025
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 1559
• Township: Frankfort
• Util Availat Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water
• Utilities: Cable Connected, Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available
• Water Source: Public Water