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Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Frankfort
MLS Listing ID 26009446
Sold Date 05/28/26
Year Built 1920
Annual Tax Amount $1,234
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50x150x48x75x75
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property 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) 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)
Location
State MI
County Benzie
Direction 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.
Rooms
Basement Partial
Interior
Heating Baseboard, Hot Water
Cooling Window Unit(s)
Laundry In Unit
Exterior
Parking Features Driveway, Gravel
Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 4
Building
Lot Description Level, Sidewalk
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Frankfort
Others
Tax ID 51-010-252-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with REO-TCBeulah-Frankfort-233027
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