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Listed by MI Properties North Real Estate Group
$ 350,000
Est. payment | /mo
2 Baths
1,428 SqFt
$ 350,000
Est. payment | /mo
2 Baths
1,428 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,428 sqft
Price per Sqft $245
MLS Listing ID 1948200
Year Built 1891
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi Family
Property Description
Investment Opportunity in the Heart of Downtown Traverse City. This 1,428-square-foot home sits on 0.09 acres along the highly desirable Eighth Street corridor, within walking distance to downtown shopping, restaurants, beaches, parks and trails. Currently configured as two long-term rental units, each apartment offers it's own kitchen and living room plus 2 bedrooms and 1 bathroom. The property is fully leased, and the current tenants would like to remain in place, providing immediate rental income for an investor seeking a stable, as-is opportunity. The property has been priced to reflect its condition and offers tremendous upside for buyers looking to renovate or redevelop. D-2 Zoning offers long-term rentals, short-term rentals or commercial. Unlock the potential with its flexible zoning and prime location, this property offers numerous possibilities. Please review list in associated documents. Whether you're an investor, developer, or someone looking for a downtown renovation project, this property offers the rare combination of current income, future potential and an outstanding location.
Location
State MI
Rooms
Basement Michigan Basement, Crawl Space
Interior
Interior Features Other, Cable TV, High Speed Internet
Heating Forced Air, Natural Gas
Fireplaces Type None
Fireplace false
Appliance Refrigerator, Oven/Range
Exterior
Exterior Feature Sidewalk
Community Features None
Waterfront Description Public
Roof Type Asphalt
Garage false
Building
Story Two
Sewer Public Sewer
Water Public
Nearby Locations
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Stacy Allman
Broker/Owner | Lic# 6502433438