Traverse City MI Multi Family for Sale
$3,125,000
1825 E Eighth Traverse City, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.22 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 80050808
- Subdivision:
- Eastside One
ADDITIONAL INFORMATION
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.
- Type:
- Multi-Family
- Sq.Ft.:
- 832
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1995
- Baths:
- MLS#:
- 80050598
- Subdivision:
- Holiday Village
ADDITIONAL INFORMATION
Unlock the potential of this exceptional 4-plex in the Holiday Village Development in Holiday Hills Subdivision. This multi-family property offers a fantastic investment opportunity with a strong rental income history and significant growth potential. Unit Mix: 4 - well maintained units: 3 with 2 bedrooms, 1 bath and 1 with 1 bedroom, 1 bath. On-site, shared laundry facilities with coin-operated machines. Separate meters for each unit; tenant pays for own electricity and gas; owner pays for water, sewer, trash removal and snow removal. 3 units are rented currently and owner is seeking new tenant for the 4th unit. New roof in 2024. Each unit has it's own electronic keypad deadbolt. Rent Roll & Financials available upon request. All listing information and measurements, although deemed accurate, must be verified by buyer's agent and buyer.
$5,000,000
18599 Mission Traverse City, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 10.86 Acres
- Year built:
- 1865
- Baths:
- MLS#:
- 80050365
- Subdivision:
- Old Mission Peninsula
ADDITIONAL INFORMATION
Historic Victorian Hotel located on the famous Old Mission Peninsula with over 10 acres of land, terrific views of the bay and 500 feet of public sandy beach across the street. The Inn features 13 rooms, 11 baths, a 1300 sq ft covered porch and multiple dining/bar areas, including an outdoor patio and a large commercial kitchen. ----- Sale includes the Mission Bay Cafe that currently serves only registered guests. All approvals are in place to serve the general public with options for inside/outside service, take out for beer, wine, liquor. Unlimited potential to create a landmark destination in one of the County�s most scenic and popular regions.----------The Old Mission Inn is the longest continual running hotel in Michigan and has been accurately restored to it's original use and condition, including the original Old Mission Post office and switch board room/equipment. Famous guests include Babe Ruth and Joe Louis, with their guest registry on display. The perfect place to live and build a successful business, among the wineries and vineyards of the Old Mission Peninsula. There is also a 5 br, 2 bath home and garage/barn on site.
$8,500,000
461 Munson Traverse City, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.87 Acres
- Year built:
- 1995
- Baths:
- MLS#:
- 80050198
- Subdivision:
- Traverse Victorian Hotel
ADDITIONAL INFORMATION
Rare opportunity in downtown Traverse city, with commercial HR zoning, a large 63-70 unit building and a large property, bound by five city streets - a block from the public beach! This property was originally developed as a hotel (with 70 units), leased to a senior living operation for many years, and is now ready for a new owner to create apartments, condos, operate as a hotel or long term care facility, or to create something all their own. With a large commercial kitchen, huge dining room, many common lounges, on-site commercial laundry, fiber optic internet installed and ready, a lovely back patio, expansive grounds and nicely outfitted units, this property has many things going well! There is potential to easily add up to seven additional units within the current building, and the property and building size could allow for added amenities too. This is an exciting property - bring your creativity!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.04 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 80050197
- Subdivision:
- Fox Run LLC
ADDITIONAL INFORMATION
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.04 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 1926703
- Subdivision:
- Fox Run LLC
ADDITIONAL INFORMATION
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
- Type:
- Multi-Family
- Sq.Ft.:
- 750
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.02 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 80050093
- Subdivision:
- 8th Street Townhomes
ADDITIONAL INFORMATION
Great investment opportunity, new construction 8th Street Townhomes. Carefree living lifestyle in downtown Traverse City on desirable Eighth Street. Monthly rentals allowed. Take advantage of 3 individual, 1 bedroom, 1 bath townhomes located walking/biking distance to Civic Center, Bryant Park, NMC and so much more. These bright & cheerful units offers, nice kitchen layouts with granite c/tops, Frigidaire stainless appliances included, nice living area with access to rear patio. Upper level features, laundry area with stackable washer and dryer included. Large primary bedroom, Full bath with granite c/tops. Complete with air conditioning. Enjoy in-town living at its best! Interior Photos are of Model Unit for reference only!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.04 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 80048947
- Subdivision:
- Fox Run LLC
ADDITIONAL INFORMATION
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.04 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 1925420
- Subdivision:
- Fox Run LLC
ADDITIONAL INFORMATION
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
$950,000
624 E State Traverse City, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1896
- Baths:
- MLS#:
- 78080014251
- Subdivision:
- Hannah Lay 5th Edition
View additional info
Courtesy: CENTURY 21 Northland
231-929-7900
ADDITIONAL INFORMATION
4-PLEX COMPLETELY RENOVATED, DOWNTOWN TC. Situated across from F & M Park on a corner lot; short walk to beaches, shops and restaurants. Great investment opportunity. 4 newly remodeled units: one. bedroom, one bath, new kitchen and laundry in each. Open floor plan in each unit with charming details. Fantastic location, packed with all the amenities.
$3,900,000
4612 US-31 N Acme Twp, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.84 Acres
- Year built:
- 1994
- Baths:
- MLS#:
- 78080013327
- Subdivision:
- Gold Coast Inn
View additional info
Courtesy: REO-TCRandolph-233022
231-946-4040
ADDITIONAL INFORMATION
Completely unobstructed sunset views over East Grand Traverse Bay are enjoyed all year long at Gold Coast Inn! 26 cash-flowing units are for sale all together, each renting separately very well but with upside opportunity too! Each has it's own keypad for entry, and the building is keypad secure as well. Being just East of downtown Traverse City, this property rents really well. The entire property has just been remodeled, each unit is fully furnished and turnkey, and the common areas on each floor look terrific. There is a large dining room and commercial kitchen on the main floor, lovely lobby entry area, an elevator, and a back porch on the main floor and an expansive front porch overlooking the bay on each floor. Fiber optic internet service is installed and ready! The Traverse Area Recreation Trail (TART) is just out the back door to ride all over the area, into Traverse City, up to Acme, or over to Suttons Bay! This investment is fully optimized and ready for you - this one's tough to beat!
$2,520,000
N Garfield Woods Garfield Twp, MI 49686
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 8.04 Acres
- Year built:
- 2023
- Baths:
- MLS#:
- 78080013307
- Subdivision:
- Fox Run LLC
View additional info
Courtesy: REO-TCRandolph-233022
231-946-4040
ADDITIONAL INFORMATION
This is an incredible opportunity for a developer interested in constructing an 84 unit apartment or condo development in Traverse City - all of the preliminary work is DONE! This property and owner has ALL permits, building and site plans, engineering, and approvals in hand to begin work right away - it is truly shovel ready! The rental market continues to have immense needs in Traverse City, and this is a phenomenal opportunity to begin building on day one. With over 8 acres, lots of frontage on Garfield Road, access to shopping, the airport, Costco and others within a mile, and over 100 acres of conservancy property and Mitchell Creek Nature Sanctuary adjacent to this property, there are so many pluses. Inquire about development options, and get started on your legacy property!
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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright© Northern Great Lakes REALTORS® MLS. All Rights Reserved.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. This IDX information is from the IDX program of RealComp II Ltd. and is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX provided courtesy of Realcomp II Ltd., via Xome Inc. and Realcomp II Ltd., copyright 2024 Realcomp II Ltd. Shareholders.
Traverse City Real Estate
The median home value in Traverse City, MI is $257,000. This is higher than the county median home value of $223,600. The national median home value is $219,700. The average price of homes sold in Traverse City, MI is $257,000. Approximately 55.59% of Traverse City homes are owned, compared to 32.3% rented, while 12.12% 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 49686 has a population of 15,550. Traverse City 49686 is less family-centric than the surrounding county with 26.82% of the households containing married families with children. The county average for households married with children is 27.94%.
The median household income in Traverse City, Michigan 49686 is $53,237. The median household income for the surrounding county is $58,229 compared to the national median of $57,652. The median age of people living in Traverse City 49686 is 40.6 years.
Traverse City Weather
The average high temperature in July is 80.4 degrees, with an average low temperature in January of 14.7 degrees. The average rainfall is approximately 33.3 inches per year, with 104.7 inches of snow per year.