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526 E Eighth

Traverse City, MI 49686
  • $497,500
  • STATUS: Accepting Backup Offers
  • ON SITE: 52 Days
  • ID#: 78080013954
Under Contract
UPDATED: 34 min ago
$497,500
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 896
    SQFT
  • $555
    $/SQFT
Type:
Multi-Family
Built:
1896
County:
Zoning:
Commercial,Multi-Family,Residential
Lot Size Dimensions:
165x50

School Ratings & Info

School District:

Description

Excellent income opportunity in downtown Traverse City. Located in the NoBo (North of Boardman River) neighborhood, this property is comprised of 3 units all with a solid rental history. Flexible D-2 zoning allows for C2 Commercial and additional uses including up to 20 unit lodging facility with 25% of the units as short-term rentals with township approval. Turn this back into a single family residence, live in one unit and rent the other two, or keep it as turn key investment. Many possibilities in an area that is exploding with tourism, growth, & gentrification. A 100% walkability score makes this a highly desirable location. West Grand Traverse Bay beaches, TART Recreation Trail, Boardman River & Lake, public library, shops & restaurants all in the neighborhood.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-02T16:59:40.89.
www.refacmi.com/homes/146502899
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526 E Eighth Traverse City, MI 49686

  • Price: $497,500
  • Status: Accepting Backup Offers
  • On Site: 52 Days
  • Updated: 34 min ago
  • ID#: 78080013954
0
Beds
0
Baths
0
½ Baths
0.18
Acres
896
SQFT
$555
$/SQFT
1896
Built
Neighborhood:
Hannah Lay & Co's 5Th Add
County:
Grand Traverse
Area:
Traverse City
School District:
TRAVERSE CITY
Property Description
Excellent income opportunity in downtown Traverse City. Located in the NoBo (North of Boardman River) neighborhood, this property is comprised of 3 units all with a solid rental history. Flexible D-2 zoning allows for C2 Commercial and additional uses including up to 20 unit lodging facility with 25% of the units as short-term rentals with township approval. Turn this back into a single family residence, live in one unit and rent the other two, or keep it as turn key investment. Many possibilities in an area that is exploding with tourism, growth, & gentrification. A 100% walkability score makes this a highly desirable location. West Grand Traverse Bay beaches, TART Recreation Trail, Boardman River & Lake, public library, shops & restaurants all in the neighborhood.
Exterior Features

Architecture Level 2 Story Architecture Style Victorian Foundation Details CrawlBasement Lot Size Dimensions 165x50 Waterfront YN No

Interior Features

Basement YN Yes Heating Baseboard Heating Fuel Natural Gas Room Count 0 Sq Ft Combined 896

Property Features

Down Payment Resource YN No Land Contract YN No Listing Financing Cash Ownership Status Private Owned Postal City Traverse City Settlement City Sewer Public Sewer (Sewer-Sanitary) Short Sale No Title Standard (Private) Unparsed Address 526 E Eighth Water Source Public (Municipal) Zoning CommercialMulti-FamilyResidential

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Coldwell Banker Schmidt-402: (231) 922-2350 and Aspire North REALTORS, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-02T16:59:40.89.
 
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