BEDS0
BATHS
MLS#1948200
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMI
SCHOOLTraverse City Area Public School
Property Description
Investment Opportunity in the Heart of Downtown Traverse City. This 1,428-square-foot home sits on 0.09 acres along the highly desirable Eighth Street corridor, within walking distance to downtown shopping, restaurants, beaches, parks and trails. Currently configured as two long-term rental units, each apartment offers it's own kitchen and living room plus 2 bedrooms and 1 bathroom. The property is fully leased, and the current tenants would like to remain in place, providing immediate rental income for an investor seeking a stable, as-is opportunity. The property has been priced to reflect its condition and offers tremendous upside for buyers looking to renovate or redevelop. D-2 Zoning offers long-term rentals, short-term rentals or commercial. Unlock the potential with its flexible zoning and prime location, this property offers numerous possibilities. Please review list in associated documents. Whether you're an investor, developer, or someone looking for a downtown renovation project, this property offers the rare combination of current income, future potential and an outstanding location.
Property Features
Property Type: Multi Unit - Multiple
Basement: Michigan Basement, Crawl Space
Home Style: 2 Story, Duplex, 2 Story, Duplex
Lot Size: 0.09 Acres
Roof Type: Asphalt
Year Built: 1891
Feature Descriptions
Appliance(s)/Equipment: Refrigerator, Oven/Range
Construction: Frame
Days on Site: 2
Exterior: Deck, Sidewalk
Garage/Parking: Assigned Parking Spaces
Heating/Cooling: Forced Air
Heating/Cooling Source: Natural Gas
Interior: Fixer-Upper
Lot Dimensions: 165 x 25
Outbuilding(s): Yes
Renewable Heating/Cooling: Not Applicable
Road: Public Maintained
Sewer: Municipal
Water: Municipal
Waterfront Type: No
Local Schools
School District: Traverse City Area Public School
Listed By / Shown By
Listed By
Agency Name: MI Properties North Real Estate Group
Agency Phone: 231-263-8049
Shown By
Agency Title: Key Realty
Agency Phone: 877-539-7589
Estimate Your Payment
Estimated Payment
$ 2,059.88 per month $1,957.80 Principal & Interest $0.00 Property Tax (data not provided by mls) $102.08 Homeowner's Insurance
633 Eighth E | MLS# 1948200
This multi-family property located at 633 Eighth E, Traverse City, MI 49686 is currently listed for sale with an asking price of $350,000. Eighth E is located within the Traverse City Area Public School school district. Search Traverse City real estate on www.ikeyrealty.com today.