1825 E Eighth Traverse City, MI 49686

Multi-Family Residence

Beds

Baths

Sq. Ft.

1.22 Acre Lot

Property Activity

Time on Site

days

Days on Market

Views

Saves

Last updated on 11/8/2024 4:22 AM

Listing Details

10 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. Continue reading

Source MLS

MiRealSource

Originating MLS

Aspire North REALTORS

MLS#

80051890

Property Type

Multi-Family

Year Built

2023

Lot Size

1.22