A fantastic investment opportunity awaits with this multi-family property, offering the potential to generate monthly rental income. Situated on 8+ acres with views of Grand Traverse Bay, this property has been fully updated and is ready for its next owner. Recent improvements include a new metal roof, updated soffit and siding, a concrete parking pad, and new storm doors. Inside, you'll find modern cabinets, appliances, and some updated countertops. Located in desirable Garfield Township, only 10 minutes from downtown Traverse City and its many amenities!
6 METES & BOUNDS PROPERTIES IN TRAVERSE CITY- Conveniently located in the Chums Corner area, these properties are all on their own well & septic. Great rental history, 3 tenants are still in leases , the other is month to month basis. Each property has its own tax ID. Shown by appointment only. No signs.
The median home value in Traverse City, MI is $394,900. This is higher than the county median home value of $343,200. The national median home value is $338,100. The average price of homes sold in Traverse City, MI is $394,900. Approximately 52.94% of Traverse City homes are owned, compared to 34.24% rented, while 12.83% are vacant. Traverse City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Traverse City real estate agent to arrange a tour today!
Traverse City, Michigan 49685 has a population of 15,263. Traverse City 49685 is more family-centric than the surrounding county with 27.42% of the households containing married families with children. The county average for households married with children is 26.67%.
The median household income in Traverse City, Michigan 49685 is $64,033. The median household income for the surrounding county is $69,393 compared to the national median of $69,021. The median age of people living in Traverse City 49685 is 40.4 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 15.6 degrees. The average rainfall is approximately 32.6 inches per year, with 117.6 inches of snow per year.