Price: $1,395,000.00
Square Ft.: 6860
Price/SQFT: $203.35

Seven-unit apartment property with great in-town location just off Woodmere and close to Boardman Lake Trail. Each unit is approximately 980 sf and includes a spacious first floor living area with polished concrete floor and high beamed ceiling, loft bedroom and washer/dryer. Tenants pay individually metered utilities. Units work well for live-work, and C-2 zoning allows for commercial rental of units. Zoning allows for one Traverse City Vacation Home Rental license for short term rental and seller has achieved “Super Host” status. Turnkey furnishings and keyless entry for two units included. Excellent condo conversion opportunity. Completely renovated in 2016 to include new roof, HVAC, and appliances. Offered at a 7.2% stabilized cap rate.

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Basic Features:

MLS ID: 1913520
City: Traverse City
State: MI
ZIP: 49686
Area: Grand Traverse
Acres: 0.19
Square Feet: 6860

Additional Features:

Basement:	Location: Freestanding
Business Included: Professional Service,Other	Lot:
Business Name: None	Property Status: Expired
Construction: Brick,Block	Documents: Legal Description
Zoning: Commercial	Possession: Close Of Escrow,Subject To Tenant Rights
Dimensions: 39x214	For Sale Or Lease: Commercial Sale
Directions: South side of Centre St between Woodmere Ave and Barlow St.	Road Frontage:
Days On Market: 74	Roofing: Asphalt
Days On MLS: 74	Township: Traverse City
Financing:	Water: Public
Floor Type:	Licenses: None
Heating: Forced Air,Natural Gas	Year Built: 1974
Cooling: Central Air

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Listing courtesy of Three West, LLC
1131 E. Eighth Street Traverse City, MI 49686