812 Forest Avenue, Frankfort, MI 49635
Town & Harbor · Benzie County
Key Facts
Description
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 “garden apartment” 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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1960
Stories
2
Living Area
2,035 sq ft
Lot Size
0.17 acres
Lot Dimensions
50x150
Days on Market
3
MLS® Listing#
1947343
Property Features
Interior
Appliances
Heating
Fireplace
Basement
Parking
Patio
Construction
Foundation
Roof
Windows
Other Structures
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Frankfort Elementary School
- Middle:
- Frankfort High School
- High:
- Frankfort High School
Financial Details
HOA
Yes
Assessed Value
$298,600
Parcel Number
51-010-266-00
Directions
M-115 into Frankfort, road turns into Forest Avenue and home is located on the south (left) side of the street just past Ninth Street.
Affordability Calculator
$97,000
Estimated monthly payment
$2,581/mo
Principal $388,000 · Est. interest $541,295 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Frankfort, MI
- $700,000
- Median Listing Price
- 33
- Median Days on Market
- 1,693
- Median Sq Ft
- $442
- Median Price / Sq Ft
- 68
- Active Listings
- This home’s price is 31% below the area median.
- Its price per sq ft is 46% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Frankfort, MI.
Location
Points of Interest in Frankfort, MI
Showing the Frankfort area map.
Nearby Schools
Frankfort-Elberta Area Schools
Elementary · 0.2 mi away
Frankfort High School
Secondary · 0.4 mi away
Benzie Central High School
Secondary · 8.8 mi away
Benzie County Central Schools
School · 11.1 mi away
Bear Lake School
Secondary · 15.4 mi away
Betsie Valley Elementary School
Elementary · 17.3 mi away
Benzie County Central Schools
School · 17.3 mi away
Onekama Consolidated Schools
Elementary · 18.6 mi away
Lake Ann Elementary School
Elementary · 19.0 mi away
Glen Lake Community Schools
School · 21.2 mi away
Mallory-Towsley Center for Arts Leadership
School · 22.8 mi away
Interlochen Elementary School
Elementary · 22.9 mi away
The Leelanau School
School · 22.9 mi away
Westwoods Elementary School
Elementary · 23.0 mi away
Bay Area Adventure School
School · 23.1 mi away
Brethren High School
Secondary · 25.1 mi away
Manistee Intermediate School District
Secondary · 25.2 mi away
Manistee Isd Center Programs
School · 25.2 mi away
Long Lake Elementary School
Elementary · 26.0 mi away
Silver Lake Elementary School
Elementary · 26.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4145 Frankfort Highway, Frankfort, MI | $385,000 | 3 | 2 | 1,755 |
| 777 Pilgrim Highway, Frankfort, MI | $385,000 | 3 | 2 | 1,664 |
| 2760 River Road, Frankfort, MI | $399,000 | 4 | 1 | 1,383 |
| 000 Park Ridge, Frankfort, MI | $410,000 | — | — | — |
| 407 Fortune Avenue, Frankfort City, MI | $425,000 | 2 | 1 | 1,000 |
| 407 Fortune Avenue, Frankfort, MI | $425,000 | 2 | 1 | 1,000 |
Moving Cost Estimate
EXIT Agents in Frankfort
Listing Courtesy: Century 21 Northland-Frankfort - Cell: 231-651-0923