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$3,215,000
Est. payment /mo
13,453 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business Opportunity
Listing Status Active
Purchase Type For Sale
Square Footage 13,453 sqft
Price per Sqft $238
Subdivision Na
MLS Listing ID 78080055340
Originating Board Aspire North REALTORS®
Year Built 1891
Lot Size 3.900 Acres
Acres 3.9
Lot Dimensions Irregular
Property Sub-Type Business Opportunity
Property Description
Seize this rare chance to own a package of eight income-generating properties in the heart of Traverse City, Michigan! This exclusive portfolio includes: †¢ Newer duplex †¢ Tri-plex (single-family home + duplex on one lot) †¢ Six single-family homes All properties are currently rented, providing immediate cash flow for the savvy investor. Located primarily in downtown Traverse City, these properties offer high rental demand and strong appreciation potential in one of Michigan’s most sought-after markets.----- Why Invest in Traverse City? Traverse City is known for its booming tourism industry, strong local economy, and vibrant downtown scene. With its stunning waterfront, top-rated restaurants, and year-round attractions, the city continues to draw new residents and visitorsâ€"fueling demand for quality rental properties. This is a turnkey investment opportunity ideal for someone looking to expand their portfolio in Northern Michigan’s real estate gem. Don’t miss out on this exceptional chance to secure a diverse mix of rental properties in a high-growth market. --- Note: Being sold as one package
Location
State MI
County Grand Traverse
Area Traverse City
Zoning Residential
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Roof Type Asphalt
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Vinyl,Wood
Schools
School District Traverse City
Others
Tax ID 285164224000
Acceptable Financing Other
Listing Terms Other
Financing Other
Special Listing Condition Unknown/Data Share Listings
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Listed by Kenneth C Weaver of Berkshire Hathaway Homeservices - TC