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Traverse City,MI 49686
Key Details
Property Type Multi-Family
Sub Type Victorian
Listing Status Accepting Backup Offers
Purchase Type For Sale
Square Footage 896 sqft
Price per Sqft $555
Subdivision Hannah Lay & Co'S 5Th Add
MLS Listing ID 78080013954
Style Victorian
Year Built 1896
Lot Size 7,840 Sqft
Property Description
Excellent income opportunity in downtown Traverse City. Located in the NoBo (North of Boardman River) neighborhood, this property is comprised of 3 units all with a solid rental history. Flexible D-2 zoning allows for C2 Commercial and additional uses including up to 20 unit lodging facility with 25% of the units as short-term rentals with township approval. Turn this back into a single family residence, live in one unit and rent the other two, or keep it as turn key investment. Many possibilities in an area that is exploding with tourism, growth, & gentrification. A 100% walkability score makes this a highly desirable location. West Grand Traverse Bay beaches, TART Recreation Trail, Boardman River & Lake, public library, shops & restaurants all in the neighborhood.
Location
State MI
County Grand Traverse
Area Traverse City
Zoning Commercial,Multi-Family,Residential
Interior
Heating Baseboard
Exterior
Waterfront no
Building
Foundation Crawl,Basement
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Schools
School District Traverse City
Others
Acceptable Financing Cash
Listing Terms Cash