1 of 50
Tools
Size
8,993 Sq Ft.
interior
1.22 Acres
Exterior
Financial
$3,450,000
Change Currency
$384
Price Per Sqft
Listing Details
Condominium
Property type
11213087
Web Id
1925981
MLS ID
33
Days Posted
Description
1825 E Eighth Street,
Traverse City,
MI
49686
Traverse City, MI 49686
11 Units that are short term rentable. Building has the one and only full rooftop common area with 4 hot tubs, turf area for outdoor games and partially covered as well. The building features a dog run and close proximity to both local and national chain food and coffee. Right around the corner is a grocery store for easy check ins. Guests on Airbnb have loved this building and the reviews on the already owned units speak highly of the rooftop and design. Listing price represents a fantastic group pricing discount, leaving investors with the upside of instant equity along with cash flow from the units. These units will come furnished with all appliances in place. Furnishings are included in the list price. This will allow investors the opportunity to instantly begin renting. If this is a 3-5 year hold the instant equity will create an even greater return at disposition. If this is a long term hold, the bonus depreciation (consult your accountant) will help any investor offset tax liability. No matter how you shake it, this is an amazing opportunity. Major events that add more upside. Airport expanding by nearly 3 times its current size. Horse Show continues to expand, and Traverse City keeps making national news for its beauty and charm.
This is an Active listing.
Broker Office Phone Number: 231-421-1970
Copyright © 2024Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
This is an Active listing.
Broker Office Phone Number: 231-421-1970
Copyright © 2024Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Dishwasher
- Refrigerator
- Dryer Included
- Washer / Dryer
Price History
date | price | variance | type |
---|---|---|---|
8/15/2024 | $3,450,000 | - | Listed |
Listing By: The Mitten Real Estate Group via Data Source: Northern Great Lakes Realtors MLS
listing agent: Sam Flamont