$510,000
$675,000
24.4%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
2.5 Acres Lot
SOLD DATE : 09/12/2018
Key Details
Sold Price $510,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 66018041445
Sold Date 09/12/18
Bedrooms 2
Originating Board Greater Kalamazoo Association of REALTORS
Year Built 1940
Annual Tax Amount $6,222
Lot Size 2.500 Acres
Acres 2.5
Lot Dimensions 326' x 66' x 132' x 295' x 323
Property Description
An Investment or Development opportunity in beautiful Traverse City. Currently a 10 unit residential apartment building on 2.5 acres. 9-554 s.f. 1 bedroom units & 1 661 s.f. 1 bedroom unit. Hardwood floors in bedrooms, living rooms & kitchens. Wood frame with semi-flat roof construction. 6 enclosed parking spaces. Current rents are far from market rate resulting in an analysis of the gross income potential based on current market data and projected expenses.
Location
State MI
Area Traverse City
Zoning Residential
Direction 31 to S. Airport, north on Veterans Dr. E on Boughey
Interior
Heating Forced Air
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Pool No
Roof Type Rubber
Building
Foundation Slab
Sewer Sewer-Sanitary, Sewer at Street
Water Municipal Water
Structure Type Wood
Schools
School District Traverse City
Others
Pets Allowed Yes
Tax ID 285111002200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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