Frankfort MI Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
797
Status:
Active
Beds:
n/a
Lot size:
0.17 Acres
Year built:
1960
Baths:
MLS#:
80046627
Subdivision:
Town & Harbor

ADDITIONAL INFORMATION

Welcome to this completely renovated triplex located in downtown Frankfort where you will find yourself blocks away from Lake Michigan. This property boasts three distinct apartments, providing unique rental opportunities for the future owners. Whether you are looking for your own home with additional rental income, an investment property for long term rental or short-term rental this home offers it all. Renovated in 2023 this home was converted into three apartments featuring brand new appliances, neutral paint and flooring throughout, private entrances, dishwashers, wash and dryer, air conditioning in each unit and newly paved driveway providing ample parking. The first apartment is located on the main floor and is a spacious two bedroom,1 bath with a large kitchen, living and dining room area. The second apartment is conveniently located on the main floor and known as the ââ?¬Å?garden apartmentââ?¬Â? and is a studio with a full size kitchen and full bathroom. The third apartment is located upstairs on the second floor and is a one bedroom with full kitchen, living room and bathroom. Each unit is thoughtfully designed and decorated with functional layouts and modern amenities, ensuring convenience and comfort for residents. With its prime location in the charming downtown of Frankfort, you and your guests can enjoy being blocks away from restaurants, quaint shops, schools, Betsie Bay, Betsie Valley Bike Trail and stunning Lake Michigan beaches. Whether you're looking for a primary residence with rental income potential or an investment opportunity, this triplex offers the perfect solution.

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Andrea D. Conner, License 6502432340, Xome Inc., License 6505376883, [email protected], 844-400-XOME (9663), 71 Walnut, Suite 206, Rochester, MI 48307


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Frankfort Real Estate

The median home value in Frankfort, MI is $362,500. This is higher than the county median home value of $321,100. The national median home value is $338,100. The average price of homes sold in Frankfort, MI is $362,500. Approximately 32.25% of Frankfort homes are owned, compared to 17.92% rented, while 49.83% are vacant. Frankfort real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Frankfort real estate agent to arrange a tour today!

Frankfort, Michigan has a population of 1,034. Frankfort is less family-centric than the surrounding county with 20.28% of the households containing married families with children. The county average for households married with children is 23.44%.

The median household income in Frankfort, Michigan is $46,964. The median household income for the surrounding county is $68,875 compared to the national median of $69,021. The median age of people living in Frankfort is 60.7 years.

Frankfort Weather

The average high temperature in July is 78.9 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 35.4 inches per year, with 113 inches of snow per year.

Frankfort Real Estate Market Conditions

  • Median sales price

    $362,500
    19.8% change since last quarter
  • # Active listings

    40
    30-day change

Frankfort Schools and Demographics

Education near Frankfort, MI

Metric City County
High School Graduates 84.13 92.98
College Degree - 2 year 7.55 9.88
College Degree - 4 year 37.07 32.81
Graduate Degree 12.1 9.23
Expenditures per Student 13,105 13,105
Students per Teacher 17.2 17.2

Elementary Schools near Frankfort, MI

School Grades Students P/T Ratio ZIP
Bear Lake Elementary School PK - 06 153 19.1 49614
Betsie Valley School KG - 05 140 14.4 49683
Crystal Lake Elementary School KG - 05 181 16.6 49616
Frankfort Elementary School KG - 06 228 12.8 49635
Platte River Elementary School KG - 06 272 20.7 49640

Middle Schools near Frankfort, MI

School Grades Students P/T Ratio ZIP
Benzie Central Middle School 07 - 08 257 17.9 49616

High Schools near Frankfort, MI

School Grades Students P/T Ratio ZIP
Bear Lake High School 07 - 12 154 26.9 49614
Benzie Central Senior High School 09 - 12 457 22.8 49616
Frankfort High School 07 - 12 244 15.7 49635

Ungraded Schools near Frankfort, MI

School Grades Students P/T Ratio ZIP
* Benzie Academy 09 - 12 60 32.3 49616

Demographics near Frankfort, MI

Metric City County
Neighborhood Type Small town
Population 1,034 17,926
Population Density 746 56
Median Age 60.7 50.4
People per Household 2.1 2.6
Median Household Income 46,964 68,875
Average Income per Capita 36,081 34,250