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1825 E Eighth Street
Traverse City, MI 49686
Residential Multi Family (Condominium)
1.22 Acres
10180 Sqft Living Area
0 Bedrooms
0 Bathrooms (0 Full, 0 Half)
Year Built: N/A
$4,450,000
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Property Description
12 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.
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Contact Details
Name: Sam Flamont
Email: sam@themittengroup.com
MLS Listing Id: 1924571
Agent Phone: (231) 633-8326
List Agent License:
Office Name: The Mitten Real Estate Group
Office Phone: (231) 421-1970
Office MLS Id: 17874
Listing Status: Active
Copyright © 2024 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
